CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro- Woodies Pivot(Major) 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Woodies Pivot(Major) 
FxWirePro- Major Crypto levels and bias summary 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
USD/JPY chart - Courtesy Trading View
USD/JPY was trading 0.15% higher on the day at 114.22 at around 05:20 GMT, extending gains for the 3rd straight session.
The major has broken above strong trendline resistance at 114.12 raising scope for further gains.
Dollar was set for its best week in five months as investors raise Fed rate hike bets amid higher-than-expected inflation.
U.S. inflation data released on Wednesday showed that the US CPI grew 6.2% y/y and 0.9% m/m in October, while the core CPI rose 4.6% y/y and 0.6% m/m.
Investors are now pricing the first rate hike by July 2022 and another by December of that year, according to Reuters data.
Focus now on inflation readings from a University of Michigan survey, along with JOLTS job openings data later in the day for further impetus.
New York Fed President John Williams is scheduled to speak at an online conference, which could provide clues to the Fed’s reaction to high inflation.
Major Support Levels:
S1: 114.12 (Trendline)
S2: 113.64 (converged 200H MA and 5-DMA
Major Resistance Levels:
R1: 114.53 (76.4% Fib)
R2: 114.60 (Upper BB)
Summary: USD/JPY intraday bias has turned bullish, scope for further gains. Watch out for break above 114.75 for upside continuation.
