USD/JPY chart - Trading View
USD/JPY was trading 0.06% lower on the day at 109.41 at around 11:35 GMT, extends choppy trade around 21-EMA.
The US dollar remains on the defensive ahead of Thursday’s key CPI data. Traders refrain from placing any aggressive bets.
The US CPI report (due Thursday) will throw fresh cues on the Fed’s next monetary policy action amid rising inflationary risks.
The FOMC will be meeting on June 17. Any hints about taper will probably put upwards pressure on the dollar/yen pair.
Technical analysis shows major trend is bullish. Near-term bias has gone flat. The pair is holding support at 21-EMA.
Price action is consolidating above 200-week MA. Resumption of upside will see test of trendline resistance at 110.75 ahead of yearly highs at 110.96.


FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro- Major US Indices
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro- Major Pair levels and bias summary 



