• USD/JPY edged higher Monday as safe haven yen weakened slightly ahead of the Bank of Japan's monetary policy meeting this week.
• The BOJ is expected to keep rates unchanged at 0.5% when its two-day policy meeting ends on Wednesday, with attention turning to Governor Kazuo Ueda's press conference for any clues about the economic outlook.
• Concerns about a global slowdown triggered by U.S. President Donald Trump's tariff policies have been overshadowing Japan's wage and price data.
• Rengo announced on Friday that Japanese companies agreed to raise wages by over 5% for the second straight year. However, with a 5.46% preliminary reading, analysts see this as expected and not enough to prompt an early BOJ rate hike.
• Immediate resistance is located at 149.08 (38.2%fib), any close above will push the pair towards 150.05(Psychological level).
• Support is seen at 147.55(23.6%fib) and break below could take the pair towards 146.73(Lower BB ).
Recommendation: Good to sell around 148.90, with stop loss of 149.60 and target price of 148.00


FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: USD/ZAR edges higher but bearish outlook persists
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 



