USD/JPY chart - Trading View
USD/JPY was trading largely unchanged at 104.57 at around 06:40 GMT, slips lower from session highs at 104.71.
Increasing hopes of US President Joe Biden’s $1.9 trillion stimulus can be considered as a major reason for the greenback’s weakness.
Price action has failed to hold break above 110-EMA and outlook has turned bearish after rejection at 200-DMA.
5-DMA has turned and Stochs and RSI have rolled over from overbought levels. MACD is on verge of bearish crossover on signal line.
The pair has paused weakness above 21-EMA support. Break below finds strong support at daily cloud.
Looking forward, focus shall be on Fed speak and U.S. inflation data for impetus. Breach below cloud will see significant downside in the pair.


FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro- Major Pair 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/USD neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro: EUR/AUD holds narrow range, focus on near-term support 



