USD/JPY chart - Trading View
USD/JPY has pared most of disappointing NFP-led losses, trades 0.42% higher on the day at 108.60 at 04:25 GMT.
US dollar remains bid at the beginning of the week on upbeat sentiment amid US-Mexican progress.
Markets largely ignore Japan's Final Q1 GDP which arrived at 0.6% q/q (preliminary was 0.5%).
Major trend in the pair is bearish. But we see scope for further upside before bearish resumption.
5-DMA and RSI have turned and a 'Bullish Divergence' on RSI and Stochs keeps scope for upside.
Upside momentum could continue upto 109.20/25 (nearly converged 20-DMA and 21-EMA).
Further upside only on decisive break above. 61.8% Fib at 107.61 is major support. Break below will see resumption of weakness.
Looking ahead this week, the US CPI data will be key following the disappointing Nonfarm Payrolls data.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: GBP/AUD drifts lower after BOE rate decision
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Major Pair levels and bias summary
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: AUD/USD gains some ground but outlook is bearish
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro- Woodies pivot (Major)
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary 



