- USD/JPY is extending consolidation along strong support by channel base at 108.72.
- Only a decisive break below will see further weakness in the pair.
- Successive Doji formation on weekly charts along with bullish Stochastics divergence on dailies raises scope for upside.
- Increased cautiousness ahead of the Jackson Hole Symposium likely to offer some support to the Yen bulls.
- 20-DMA at 109.92 is stiff resistance on the upside, break above will see reversal.
- On the downside, break below channel base could see drag upto 108.13 (Apr 17 low).
Support levels - 109.21 (5-DMA), 109, 108.72 (Triple bottom), 108.13 (Apr 17 low)
Resistance levels - 109.92, 110, 110.95 (Aug 16 high), 111.17 (100-DMA)
FxWirePro Currency Strength Index: FxWirePro's Hourly USD Spot Index was at -20.8015 (Neutral), while Hourly JPY Spot Index was at -39.6177 (Neutral) at 0840 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro-Major European Indices
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro- Major Crypto levels and bias summary
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish 



