USD/JPY chart on Trading View used for analysis
- USD/JPY trades in the red in the Asian session today as trades remain caution amid rising risk-off.
- Markets continue to be wary about contagion on the EMs and DMs as a result of higher interest rates and defaults.
- The pair has failed below 113 handle and is currently trading 0.23% lower on the day at 112.55 at the time of writing.
- Price action is holding support at 4H 200 SMA at 112.51, break below will see drag till trendline support at 111.95.
- Next major support below 111.95 lies at 110-EMA at 111.42. Bearish resumption likely on break below.
- US Q3 GDP is a big data event due this Friday which will determine further direction for the pair.
Support levels - 112.51 (4H 200 SMA), 112.11 (55-EMA), 111.95 (trendline)
Resistance levels - 112.94 (20-DMA), 113
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Woodies pivot (Major)
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: GBP/NZD stuck in range but outlook is bullish
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target 



