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.


GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: GBP/USD falls to two-day low, scope for further downside
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Woodies pivot (Major)
AUDJPY Extends Five-Day Rampage to Near 115 as Yen Crumbles; Bulls Target 116–117
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst 



