USD/JPY chart - Trading View
USD/JPY was extending range trade in the Asian session, with session high at 107.03 and low at 106.85.
The pair is consolidating above 55-EMA and scope for resumption of upside as technical studies do not show any weakness.
US yield curve steepens to widest in more than a month, adding support to the U.S. dollar.
Bearish pressures may stem from the US Congress’ inability to pass the much-anticipated additional coronavirus stimulus bill.
Focus now on U.S. Retail Sales data due later today at 12:30 GMT for further impetus. UMitch Consumer Sentiment Index due 14:00 could also influence price action.
Resumption of upside will see test of 110-EMA at 107.24. Breakout there will fuel further upside.
On the flipside, 55-EMA is immediate support at 106.75. Break below will negate any upside bias.


AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro- Major Pair levels and bias summary
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117 



