USD/JPY chart on Trading View used for analysis
- USD/JPY trades 0.28% higher on the day at 109.68 at 0500 GMT.
- The pair retains its upside bias for the day after BoJ kept policy steady, as widely expected and cut CPI forecasts.
- The Japanese currency got sold-off post BoJ, supporting the pair higher.
- The major finds stiff resistance at 21-EMA which is capping upside from many sessions.
- Decisive break above will see further upside. Scope then for test of 61.8% Fib at 110.77.
- 20-DMA is strong support at 109.17, break below will see weakness till 108.43 (38.2% Fib)
Support levels - 109.53 (5-DMA), 109.17 (20-DMA), 108.43 (38.2% Fib)
Resistance levels - 109.64 (21-EMA), 110, 110.77 (61.8% Fib)
Recommendation: Stay long on decisive close above 21-EMA, SL: 109.50, TP: 110/ 110.75
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/CNY dips to hit three year low,scope for further downside 



