- Offered tone around Yen gathered pace in Asia on dovish comments from BOJ’s Kuroda over the weekend.
- Yen longs being unwound at the start of the week after Kuroda said there is still room for further cut in the interest rates.
- USD/JPY opened with a nearly 60 pip gap up, slipped to hit lows of 100.28 and is then recovering to extend gains.
- Dragonfly Doji formation seen in the Asian session till now, intraday bias higher.
- The pair finds major resistance by 10-DMA at 100.90, break above could see test of 20-DMA at 101.81.
- Strong trendline support lies at 99.60, weakness only on break below. Test of 98.78 (June 24 low) then likely.
Recommendation: Go long on break above 100.90, SL: 100.30, TP: 101.28/ 101.80


FxWirePro- Major Pair levels and bias summary
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FxWirePro: USD/CAD recovers slightly but trend is still bearish
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: EUR/NZD steadies ahead of ECB meeting
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish 



