USD/JPY chart - Trading View
USD/JPY was trading 0.21% higher on the day at 108.83 at around 05:30 GMT, buying interest in the US dollar supports.
Rising geopolitical uncertainty over Israel and Palestine boosted the demand for the safe-haven US dollar.
On the other side, the Japanese yen struggles as the Bank of Japan (BOJ) warns of risk to the recovery amid pandemic curbs.
Technical indicators for the pair are neutral. Price action has paused downside above major support at 108.30 (converged trendline and 55-EMA).
Oscillators are biased higher. Volatility is high as evidenced by wide Bollinger bands. Scope for upside resumption on break above daily cloud.
Focus now on the release of the US Consumer Price Inflation (CPI) data, expectations are for a rise from 2.6% to 3.6% YoY in April.
Any deviation in the headline CPI reading could negatively impact the pair. Breach below 55-EMA could see more downside.


FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro- Major Crypto levels and bias summary
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro- Major Pair levels and bias summary
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand 



