USD/JPY chart - Trading View
USD/JPY was trading 0.22% higher on the day at 103.46 at around 05:50 GMT, edges higher from session lows at 103.25.
Passage of the US coronavirus (COVID-19) stimulus and a stopgap funding support gains in the pair.
However, fears of a no-deal Brexit and the outbreak of a new variant of the COVID-19 may keep upside limited.
Price action has bounced off trendline support and has edged above 5-DMA. Technical studies are turning slightly bullish.
RSI is biased higher and Stochs are on verge of rollover from oversold levels. Major trend is bearish, but minor upside likely on account of oversold oscillators.
Major resistance on the upside lies at 21-EMA at 103.89. While, 5-DMA is immediate support at 103.36.
