USD/JPY chart - Trading View
USD/JPY was trading unchanged at 103.80 at around 03:35 GMT, with session high at 103.85 and low at 103.69.
The U.S. dollar shows muted reaction to the US President-elect Joe Biden's aggressive coronavirus rescue plan.
The stimulus was largely priced in by the markets. DXY rangebound after closing 0.13% lower on Thursday's trade.
USD/JPY spot grinds lower in Sloping Channel pattern on the daily charts. Recovery attempts were capped at daily cloud.
Major trend is bearish. The pair is currently holding support at 21-EMA at 103.67. Decisive break below will drag the pair lower.
On the flipside, 55-EMA is stiff resistance at 104.03. Breakout above cloud will change near-term bias.
Markets await critical US Retail Sales and Consumer Sentiment numbers for fresh direction in the prices.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: USD/ZAR bears maintain upper hand
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: USD/JPY on nervous hold around 160.00 



