USD/JPY chart - Trading View
USD/JPY was trading 0.07% higher on the day at 104.99 at around 05:45 GMT, outlook remains bullish.
Greenback continues to gather strength despite the upbeat market mood. Broad-based USD strength fueled USD/JPY's climb.
Data published on Monday by the ISM and the IHS Markit both showed that the economic activity in the US manufacturing sector continued to expand at a strong pace in January.
The pair has bounced off intraday low, resumes upside to test 105 handle, scope for further upside.
Technical indicators are bullishly aligned. The pair is extending gains for the 5th straight session.
Momentum indicators are bullish, volatility is high and rising as evidenced by widening Bollinger bands.
Analysis of GMMA indicator shows minor trend is strongly bullish, while major trend is turning bullish.
Price action is extending break above 110-EMA and is on track to test 200-DMA at 105.61. Any further gains only on break above.


FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro- Major Crypto levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 



