Chart - Courtesy Trading View
USD/JPY was trading 0.07% higher on the day at 114.88 at around 04:45 GMT, slightly below session highs at 114.97.
The major has refreshed multi-year highs and is consolidating previous session's gains.
Resurgent US dollar demand seen across the board amid rising inflationary pressures and Fed’s rate hike expectations.
US Treasury yields are once again looking attractive while the DXY tested 16-month peak 96.24 before trimming some gains.
USD/JPY technical indicators are turning bullish. Stochs and RSI are sharply higher, MACD is on verge of bullish crossover on signal line.
ADX supports gains, volatility is high and rising, price action is above cloud and Chikou span is biased higher.
Major Support Levels:
S1: 114.33 (5-DMA)
S2: 113.86 (20-DMA)
Major Resistance Levels:
R1: 115
R2: 115.50 (Mar high)
Summary: USD/JPY on track to close higher for the 4th straight month. The major is trading shy of 115 handle, outlook is bullish. Further upside on cards.


Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
FxWirePro- Major Pair levels and bias summary
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one
FxWirePro- Woodies pivot (Major)
Euro-Yen Retreats From 186.20 Peak, but Bulls Reload for a Run at 188
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
FxWirePro- Major European Indices
FxWirePro: GBP/NZD edges higher but outlook is bearish 



