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.


China’s Growth Faces Structural Challenges Amid Doubts Over Data
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
FxWirePro-Major European Indices
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
FxWirePro- Woodies Pivot(Major)
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 



