USD/JPY chart - Trading View
USD/JPY was extending gains for the 3rd straight session, edges above 5-DMA after the pair bounced off support at 21-EMA.
The major was trading 0.08% higher on the day at 104.83 at around 02:15 GMT, after closing 0.15% higher in the previous session.
Hopes of US President Joe Biden’s covid relief plan and vaccine optimism keep the U.S. dollar supported. While on the the other side, the yen remains under pressure as Japan battles virus woes.
The Japanese government announced that it will continue the state of emergency for 10 regions amid strain on the Japanese medical system and rise in the elderly infections.
Technical bias for the pair is turning slightly bullish. Long term moving averages on the GMMA indicator show constriction and near term moving averages have edged above the long-term moving averages.
On the intraday charts, the pair is attempting to break above the hourly cloud. Next immediate resistance lies at 200H MA at 105.02. A decisive break above 200-DMA will confirm any meaningful upside.
US Michigan Consumer Sentiment Index due today at 15:00 GMT will be watched for further impetus.


FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: GBP/AUD gains some upside momentum but still bearish
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: USD/ CNY remains soft ahead of Fed decision
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD slips after Fed holds rates steady
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major) 



