USD/JPY chart - Trading View
USD/JPY was trading 0.18% lower on the day at 104.04 at around 04:10 GMT, bias is bearish.
Failure to close above 21-EMA has negated scope for upside. Gravestone Doji at highs adds to the downside pressure.
US data overnight that showed the number of Americans filing first-time claims for jobless benefits jumped to a near three-month high.
Initial jobless claims rose by 137,000 to 853,000 in the week ended Dec. 5, Labor Department data showed on Thursday. On an unadjusted basis, the figure increased by almost 229,000.
Weak jobless claims underscores need for stimulus to support the economy and hence keeps the dollar depressed.
U.S. inflation increased 0.2% in November, beating forecasts at 0.1%, but was broadly still quite low, with threat of building price pressures in the near future.
Technical bias for the pair remains bearish. Price action grinds lower in sloping channel pattern and rejection at 21-EMA has dented scope for further gains.
Strong support on the downside lies at 103.45 (trendline). Break below will plummet prices further.


FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro- Major Pair levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: GBP/AUD gains some upside momentum but still bearish 



