USD/JPY chart - Trading View
USD/JPY was trading 0.07% lower on the day at 06:25 GMT, after closing 0.55% lower in the previous session.
The major was consolidating break below 200-DMA, extending bearish run for the 4th straight session.
GMMA indicator shows major trend in the pair is neutral, while minor trend is turning bearish.
Stochs and RSI also support weakness. Price action has fallen below 200H MA. Further downside likely.
Market sentiment will likely continue to be the key driver. Retail sales and industrial production reports due Wednesday will be watched for further impetus.
Support levels - 106.92 (Apr 1st low), 106.44 (50% Fib)
Resistance levels - 1008.22 (5-DMA), 108.32 (200 DMA)


Stock Futures Dip as Investors Await Key Payrolls Data
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
FxWirePro: AUD/USD eases after Australian mixed CPI data
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
NZD/JPY Loses Its Shine: Kiwi Cracks Under Pressure as Bears Target 91.80
Wall Street Analysts Weigh in on Latest NFP Data
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD bullish outlook with scope to target 1.6500
Urban studies: Doing research when every city is different
US Gas Market Poised for Supercycle: Bernstein Analysts
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Energy Sector Outlook 2025: AI's Role and Market Dynamics 



