Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch 
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro- Major Pair levels and bias summary 
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed 
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict 
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger 
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup 
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 
FxWirePro- Woodies pivot (Major) 
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 
FxWirePro- Woodies pivot (Major) 
USD/JPY chart - Trading View
USD/JPY was extending sideways grind along 21-hour EMA, caution likely to prevail in the run-up to FOMC meeting due Wednesday.
The major was trading largely unchanged at 109.13 at 04:35 GMT, with session high and low at 109.24 and 109.09 respectively.
Emergency in Tokyo and surrounding regions is set to end on March 21 and the government is expected to decide on Thursday whether to lift the state of emergency.
Risk sentiment dented after doubts over AstraZeneca’s coronavirus vaccine dims vaccine optimism.
Following multiple European Union (EU) members’ rejections to the AstraZeneca coronavirus (COVID-19) vaccine, the US is also eyeing further checks.
S&P 500 Futures struggle for a clear direction near the record top while the US 10-year Treasury yield drops 1.5 basis points (bps) to revisit the sub-1.6% area.
US Retail Sales (due 12:30 GMT) could direct global market moves ahead of Wednesday's FOMC meet.
U.S. Retail Sales are forecast to fall 0.5% in February from 5.3%. While, FOMC members are likely to cheer US covid relief package and may upwardly revise their dot-plot forecasts.
| Support | 108.98 (200W MA) | 108.55 (200H MA) |
| Resistance | 109.56 (76.4% Fib) | 110.61 (Monthly cloud) |
Summary: USD/JPY pivotal at 50-month MA. Market caution likely ahead of FOMC meeting. Price action is moving away from upper Bollinger band on the daily charts. Overbought oscillator also warrant caution. That said, major trend is bullish, pullbacks if any are likely to be shallow.
