USD/JPY chart - Trading View
USD/JPY was trading 0.21% higher on the day at 106.83 at around 03:32 GMT, extending previous session's gains.
The pair briefly tested 107 handle before paring some gains, bias is turning slightly bullish.
US yields are gaining ground and S&P 500 futures are up 0.4% early today despite poor U.S. jobs report.
The Nonfarm Payrolls data published on Friday showed the US economy lost a record 20.5 million jobs in April.
While US jobs data was dismal, it was somewhat better than estimates. Also, optimism generated by reports of the US-China trade talks keeps the pair supported.
Major trend is the pair still remains bearish. Minor trend has turned neutral. Scope for further upside and oscillators poised to rollover from oversold levels.
Price action has retraced into daily cloud and is just shy of 21-EMA resistance at 107.10. Other major hurdles align at 55-EMA at 107.77 and 110-EMA at 108.18.
Break above 110-EMA could change near-term dynamics. Failure at 21-EMA will negate further upside in the pair.


AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro: USD/JPY on nervous hold around 160.00
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro- Major Pair levels and bias summary
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: AUD/USD softens as risk appetite abates
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
FxWirePro- Major Crypto levels and bias summary
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro- Woodies pivot (Major) 



