Chart - Courtesy Trading View
USD/JPY was trading 0.43% higher on the day at 132.95 at around 10:20 GMT, hovers around 21-EMA.
The dollar wobbly on Tuesday after a slump in U.S. manufacturing activity last month pointed to further signs of a slowing economy.
The Institute for Supply Management (ISM) survey showed on Monday that manufacturing activity fell to the lowest level in nearly three years in March as new orders continued to contract.
The Institute for Supply Management (ISM) said its manufacturing PMI fell to 46.3 last month, the lowest since May 2020, from 47.7 in the previous month.
All subcomponents of the manufacturing PMI were below the 50 threshold for the first time since 2009.
Further, U.S. construction spending also weakened, down 0.1% in February after increasing 0.4% in the previous month.
Focus this week will be on Friday's U.S. jobs report, although many markets will be closed for the Easter holiday.
Major Support Levels:
S1: 131.98 (55-week EMA)
S2: 131.84 (200H MA)
Major Resistance Levels:
R1: 133.34 (55-EMA)
R2: 134.34 (110-EMA)
Summary: USD/JPY has bounced off major trendline support and is showing signs of further upside. Price action is grinding sideways at 21-EMA, decisive break above will take the pair higher.


USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
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
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/USD dips lower on negative UK retail sales data 



