USD/JPY chart - Trading View
USD/JPY was trading 0.13% lower on the day at 109.52 at around 06:10 GMT, bias has turned bearish.
U.S. data released on Tuesday showed core consumer price index (CPI) grew 4% year-on-year and 0.1% month-on-month in August. While CPI grew 5.3% year-on-year and 0.3% month-on-month respectively.
Less-than-expected rise in US inflation last month created uncertainty about the timing of the Federal Reserve's tapering of asset purchases.
Investors now look to the Fed’s latest policy decision, due to be handed down next week, for further timeline clues.
Meanwhile, USD/JPY price action has seen rejection at daily cloud and 'Symmetric Triangle' top resistance.
The pair is extending previous session's weakness, has slipped below 21-EMA and daily cloud. Technical indicators are turning bearish. RSI has turned south and has slipped below 50 mark.
The pair is on track to test trendline support at 109.20. Breach below will open downside. Next major support lies at 38.2% Fib at 108.19 ahead of 200-DMA at 108.02.


FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD gains some ground but bias is still bearish
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: USD/ZAR retreats but trend is still bullish
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 



