• USD/JPY strengthened on Monday as greenback continued to strengthen on the back of traders reducing bets on further jumbo rate cuts by the Fed.
• The week's main data releases are core machinery orders, trade, and the highlight will be September CPI inflation on Friday.
• BOJ board member Seiji Adachi will give a speech and news conference on Wednesday.
• At GMT 03:59, the pair was trading up 0.16 % at 149.32, highest since 10th October.
• Technical signals are strongly bullish as RSI is at 64, daily momentum studies 5, 9 and 10 DMAs are trending up.
• Immediate resistance is located at 149.46(23.6%fib), any close above will push the pair towards 150.51 (Higher BB).
• Support is seen at 148.38 (Oct 11th low) and break below could take the pair towards 147.78 (50%fib)
Recommendation: Good to buy around 148.40, with stop loss of 147.80 and target price of 149.00


Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro: EUR/AUD downward momentum remains in place
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major) 



