USD/JPY chart on Trading View used for analysis
- USD/JPY has broken above 113 handle and is currently trading at 113.21 after hitting session highs at 113.28.
- Rise in in the S&P 500 futures amid risk-on weighing on the Japanese yen.
- Technical studies are turning slightly bullish on the daily charts raising scope for further upside.
- The pair has broken above 21-EMA and has bounced off daily cloud on Friday's trade with a 'Dragonfly Doji' formation.
- RSI has edged above 50 mark and is biased higher along with Stochs.
- Close above 20-DMA to see test of upper Bollinger Band at 114 mark.
- Rejection at 21-EMA and slip below daily cloud to see weakness till 100-DMA.
Support levels - 113.08 (21-EMA), 112.30 (Nov 20th low)
Resistance levels - 113.38 (Oct 31 high), 114 (Upper BB)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


US Gas Market Poised for Supercycle: Bernstein Analysts
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro: USD/CNY gains some ground but bearish outlook persists
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro- Major Crypto levels and bias summary
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
2025 Market Outlook: Key January Events to Watch 



