Chart - Courtesy Trading View
USD/JPY was trading 0.32% higher on the day at 136.87 at around 09:25 GMT.
The pair is extending sideways grind at cloud top support, weakness only on retrace below.
Price action is above major moving averages and volatility is high and rising. RSI is above 50 and momentum is bullish.
GMMA indicator shows major and minor trend are bullish. The pair trades above 200H MA.
Traders remain cautious ahead of central banks' governors speech within the Jackson Hole Economic Symposium.
US dollar remains buoyed as Fed Powell’s commentary at Jackson Hole Economic Symposium is expected to remain hawkish on interest rates.
Focus also on the US Core Personal Consumption Expenditure (PCE) data, which is expected to decline to 4.7% from the prior print of 4.8%.
Major Support Levels:
S1: 136.55 (Cloud top)
S2: 135.72 (50-DMA)
Major Resistance Levels:
R1: 136.90 (5-DMA)
R2: 138.16 (Upper BB)
Summary: USD/JPY trades with a neutral bias. Major weakness only below daily cloud.


FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD pauses decline,critical support lies ahead
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 



