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USD/JPY chart - Trading View
USD/JPY was extending choppy trade, near-term bias remains neutral.
The major was trading 0.24% higher on the day at 107.76 at 07:35 GMT after closing 0.37% lower in the previous session.
Sentiment remains tepid amid the continued rise in the coronavirus death toll globally. Markets also assessed the implications of the likely easing of the lockdown measures.
Major and minor trend for the pair are neutral as evidenced by GMMA indicator.
Scope for upside as pair bounces off daily cloud and Stochs are on verge of rollover from oversold levels.
200-DMA is major resistance, break above will fuel upside in the pair. On the flipside, break below cloud will drag the pair lower.
On the data front, U.S. Chicago Fed National Activity Index (Mar) due at 12:30 GMT will be watched for impetus.
