USD/JPY chart - Trading View
USD/JPY is extending marginal gains on the day, snapping a 4-day bear run, bias remains bearish.
USD recovering some lost ground following Tuesday’s sharp sell-off, holds above daily cloud support.
The major was trading 0.15% higher on the day at 107.37 at around 09:45 GMT after closing 0.51% lower in the previous session.
Retrace below 200-DMA has opened downside for the pair. Technical indicators also support weakness.
On the data front for the day remains on Retail Sales, Industrial Production, Capacity Utilization and the NAHB Index.
Major supports align at 106.70 (cloud top), 106.44 (50% Fib) and 105.20 (61.8% Fib). Retrace above 200-DMA negates any bearish bias.


FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
FxWirePro- Major Pair levels and bias summary
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
2025 Market Outlook: Key January Events to Watch
FxWirePro: AUD/USD dips below lower range, bearish bias increases
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
China's Refining Industry Faces Major Shakeup Amid Challenges
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
US Gas Market Poised for Supercycle: Bernstein Analysts
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Stock Futures Dip as Investors Await Key Payrolls Data
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 



