USD/JPY chart - Trading View
Pre-FOMC minutes caution trading weighs on the pair, keeping it rangebound, while the US dollar attempts a tepid bounce.
USD/JPY was trading largely unchanged on the day at 108.91 at around 04:30 GMT, down from session highs at 109.07.
Bank of Japan (BOJ) Governor Haruhiko Kuroda noted that Japan's economy remains under pressure from state of emergency curbs.
Kuroda in his speech on Wednesday said that the central bank will continue to patiently sustain powerful monetary easing.
Focus on the release of minutes from the Federal Reserve’s April policy meeting to gauge the market sentiment.
Markets reeling under broad risk-aversion, as inflation concerns haunt markets. Any hint of tapering measures could dampen the market sentiment further.
Technical bias for the pair is showing a bearish tilt. Price action has slipped below 21-EMA and 5-DMA is biased lower.
MACD is on verge of bearish crossover on signal line and price action has slipped below 200H MA. Scope for further downside. Next major support lies at 55-EMA at 108.45.


FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro- Major Crypto levels and bias summary 



