USD/JPY chart - Trading View
USD/JPY was trading largely unchanged at 105.44 at around 07:30 GMT, up from session lows at 105.30.
Hopes for a US fiscal stimulus package ahead of the election faded as talks between Treasury Secretary Steven Mnuchin and Nancy Pelosi seemingly ended in a deadlock.
As hopes for the stimulus get pushed back further, U.S. dollar gains support. The U.S. dollar index was currently extending previous session's gains and was trading 0.13% higher at 93.65 at the time of writing.
Technically, USD/JPY trades with a major bearish bias. Stiff, immediate resistance seen at 105.55 (21-EMA).
Near-term bias remains bearish as long as pair holds below 21-EMA. Break above could see minor gains till 55-EMA at 105.83.
