USD/JPY chart on Trading View used for analysis
- USD/JPY slips lower, erases previous session's gains, intraday bias bearish.
- Dollar failed to capitalize on a eight-day high hit in the previous session on the back of firmer U.S. Treasury yields.
- Assurances from the White House regarding Treasury Secretary Steven Mnuchin’s and Federal Reserve Chairman Jerome Powell’s job boosted market sentiment.
- USD/JPY slips below 200-DMA, scope for further weakness on close below.
- Next major support lies at 50% Fib at 109.59. On the flipside, 21-EMA at 112.28 is strong resistance.
Support levels - 110.76 (38.2% Fib), 110, 109.59 (50% Fib)
Resistance levels - 111 (5-DMA), 112.28 (21-EMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Pair levels and bias summary
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift?
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch
2025 Market Outlook: Key January Events to Watch
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
Stock Futures Dip as Investors Await Key Payrolls Data
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Bank of America Posts Strong Q4 2024 Results, Shares Rise
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
FxWirePro: GBP/AUD edges higher but bulls lack punch 



