USD/JPY chart - Trading View
USD/JPY was trading 0.16% higher on the day at 109.92 at around 10:45 GMT, outlook bearish.
The pair has paused downside at 55-EMA support, break below will see further weakness.
On the data front overnight, US Initial Jobless Claims rose unexpectedly to 373 K, above the market expectations at 350K.
Deteriorating risk sentiment and upbeat data keep the U.S. dollar modestly bid across the board.
S&P 500 Futures were trading at 4,294 with 0.043% gains, while the dollar index (DXY) has erased early gains and was 0.07% down at 92.28 at 10:55 GMT.
Technical bias is bearish. Break below 55-EMA will find next major support at daily cloud. Breach below cloud will plummet prices.
