USD/JPY chart on Trading View used for analysis
- USD/JPY failed to preserve its momentum overnight, slips lower from new 2019 highs at 109.99.
- Sentiment soured as the government shutdown in the U.S. showed no signs of ending anytime soon.
- 10-year T-bond yield also lost its traction to confirm the weakening risk-appetite, weighing on the pair.
- 110 remains a tough barrier to cross. Technical studies are biased neutral. Decisive break above 110 could see upside.
- Data from the U.S. overnight showed that house prices rose 0.4% in November and the Richmond Fed Manufacturing Index improved to -2 in January from -8.
- 110 mark is strong resistnace, break above finds next major hurdle at 110.77 (61.8% Fib).
- On the downside, 20-DMA is immediate support at 109.07. Break below finds little support till jan 10th lows at 107.77.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: EUR/AUD eases slightly but trend is still bullish
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro: USD/CNY gains some ground but bearish outlook persists
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro- Major European Indices
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro: AUD/USD downside pressure builds, key support level in focus 



