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USD/JPY chart - Trading View
USD/JPY pauses upside shy of 21-EMA, breaks 3 consecutive session's of gains.
The major was trading 0.18% lower on the day at 103.43 at around 09:45 GMT.
The dollar is on the back foot amid stimulus blockage and virus woes. President Trump seems to reject part of the stimulus bill, causing some confusion.
Focus on the US Durable Goods Orders, Michigan Consumer Sentiment and Weekly Jobless Claims data for clues.
Durable Goods Orders figures for November are forecast to show a moderate increase. On the other hand, weekly jobless claims are set to remain at a high level of 885,000 for another week.
Technical bias for the pair is bearish. The pair is holding support at 5-DMA at 103.32. Break below will see further weakness.
Next major support lies at 102.75 (falling trendline). Break below will see further downside.
