USD/JPY chart - Trading View
USD/JPY is extending marginal gains on the day, snapping a 4-day bear run, bias remains bearish.
USD recovering some lost ground following Tuesday’s sharp sell-off, holds above daily cloud support.
The major was trading 0.15% higher on the day at 107.37 at around 09:45 GMT after closing 0.51% lower in the previous session.
Retrace below 200-DMA has opened downside for the pair. Technical indicators also support weakness.
On the data front for the day remains on Retail Sales, Industrial Production, Capacity Utilization and the NAHB Index.
Major supports align at 106.70 (cloud top), 106.44 (50% Fib) and 105.20 (61.8% Fib). Retrace above 200-DMA negates any bearish bias.


Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Bank of America Posts Strong Q4 2024 Results, Shares Rise
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
US Gas Market Poised for Supercycle: Bernstein Analysts
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
Urban studies: Doing research when every city is different
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback 



