USD/JPY chart - Trading View
USD/JPY was trading 0.12% lower on the day at 109.17 at around 10:40 GMT, outlook bearish.
The pair is extending previous session's losses and has broken below daily cloud support raising scope for further downside.
Federal Reserve's Christopher Waller on Monday said the central bank could start to reduce its support by October if the next two monthly jobs reports each show employment rising by 800,000 to 1 million, as he expects.
Investors wary, prefer not to take big positions ahead of key U.S. non-farm payroll data due later this week.
Price action is now below 200H MA, the pair hovers around immediate support at 110-EMA at 109.08.
Technical analysis supports downside. Momentum is with the bears. Break below 110-EMA will see more downside.
Next major support lies at 200-week MA at 108.85. Breach below 200-week MA will open downside.


FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD gains some ground but bias is still bearish
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
FxWirePro: USD/ZAR retreats but trend is still bullish
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 



