Chart - Courtesy Trading View
USD/JPY is consolidating previous session's BoJ triggered sell-off, outlook remains bearish.
The major was trading 0.43% higher on the day at 132.26 at around 04:50 GMT, after closing a whopping 3.80% lower in the previous session.
Japan economy minister Shigeyuki Goto earlier on Wednesday acknowledged that the BoJ's decision was not meant to be a tweak or exit from monetary easing.
Goto jaw boned the Yen following BoJ shock policy decision, yen slips slightly across the board following Goto's comments.
Technical bias for the pair is bearish. GMMA indicator shows major and minor trend are strongly bearish.
Major Support Levels:
S1: 131.00 (Lower BB)
S2: 124.12 (110-EMA)
Major Resistance Levels:
R1: 135.78 (5-DMA)
R2: 138.37 (21-EMA)
Summary: USD/JPY slumps below 200-DMA, outlook bearish. Immediate support is seen at 55-week EMA at 131.71, break below will drag the pair lower.


FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: USD/CAD edges lower but bullish outlook persists
Crypto Bias Report: Trend Signals and Top Bullish Picks
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro- Woodies pivot (Major)
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Pair levels and bias summary 



