Chart - Courtesy Trading View
USD/JPY was trading 0.65% higher on the day at 133.56 at around 07:15 GMT, holds above 21-EMA and daily cloud.
BoJ minutes from the January meeting showed members reiterated the need to maintain a dovish stance, as it takes time to reach the 2% inflation target in a sustainable and stable manner.
On the data front, Japan’s business sentiment tumbled to an over 2-year low in Q1 as the banking crisis in the US and Europe added to uncertainty over already slowing global growth.
Focus now on a slew of U.S. economic readings this week for more cues on the Fed monetary policy.
US manufacturing activity data for March, due later on Monday is expected to show that the U.S. manufacturing sector remained in contraction territory for a fifth straight month.
US ISM Manufacturing PMI (March) is expected to show a marginal drop to 47.5 from the former release of 47.7.
Major focus will be nonfarm payrolls data for March, due on Thursday. Traders will be watching for signs of weakness in the labor market, which could open the path for a less hawkish Fed.
Support levels - 132.86 (21-EMA), 132.51 (5-DMA)
Resistance levels - 134.08 (21-week EMA), 134.39 (110-EMA)
Summary: USD/JPY holds break above 21-EMA and daily cloud support. Technical bias for the pair is bullish. Scope for further gains. Retrace below cloud negates any further upside.


FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm
FxWirePro: GBP/USD dips lower on negative UK retail sales data
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major) 



