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USD/JPY chart - Trading View
USD/JPY was trading 0.08% lower on the day at 103.67 at around 04:40 GMT, after closing 0.10% higher in the previous session.
The pair remained capped at 20-DMA resistance, muted trading likely amid holiday shortened week.
S&P 500 Futures rise 0.40% while refreshing the all-time top to 3,739.12 during early Tuesday trade.
Trading is set to remain choppy amid diminished volumes, shortened week and no relevant macroeconomic releases.
Major trend is bearish and rejection at 20-DMA will reinforce the bearish bias. Scope then for test of trendline support at 102.65.
On the flipside, stiff resistance is seen at 103.80 (nearly converged 20-DMA and 21-EMA), decisive break above will fuel further gains.
