USD/JPY chart - Trading View
USD/JPY was trading 0.30% higher on the day at 103.99 at around 05:10 GMT, slightly lower from session highs at 104.08.
The pair has bounced off 21-EMA support and is testing resistance at 55-EMA at 104.02. Decisive break above will see further gains.
The risk barometer rises as markets prepare for US President-elect Joe Biden and virus woes recede amid vaccine optimism.
Yellen’s speech will be the key for markets. The ex-Fed Chair is up for her first Senate speech and her indirect support to Biden’s stimulus favors the risk-takers.
The pair finds series of resistances upto 104.65. Break above daily cloud will fuel upside. Next major bull target lies at 200-DMA at 105.79.
On the flipside, price action has bounced off 21-EMA support. Weakness only on break below. Major support aligns at 102.45 (trendline).


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: USD/JPY on nervous hold around 160.00
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro: AUD/USD softens as risk appetite abates
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data 



