Chart - Courtesy Trading View
USD/JPY was trading largely muted at 139.43 at around 06:30 GMT, with session high and low at 139.80 and 139.21 respectively.
The pair is extending sideways grind below 110-EMA, price action trapped inside daily cloud.
The dollar index remains volatile amid mounting geopolitical tensions between North Korea and the US.
Higher interest rate guidance by San Francisco Federal Reserve (Fed) President Mary Daly has failed to offer any support.
On the other side BOJ officials defend easy money policies despite showing readiness to act.
Risk catalysts will be watched amid a lack of data for further direction. US Weekly Jobless Claims and Philadelphia Fed Manufacturing Survey for November will also impact price action.
Support levels - 137.74 (Lower BB), 133.19 (200-DMA)
Resistance levels - 140.08 (110-EMA), 142.65 (200H MA)
Summary: USD/JPY trades directionless below 110-EMA support. Pullback from multi-year highs has paused around 110-EMA. Retrace above 200H MA will see upside resumption. Sideways grind likely to continue till pairs shows decisive break above 110-EMA.
