Chart - Courtesy Trading View
USD/JPY was trading 0.17% lower on the day at 146.15 at around 04:30 GMT.
The pair's recovery attempts on the previous day were capped at 21-EMA, US inflation data will be crucial to determine further direction.
Bank of Japan (BOJ) Governor Haruhiko Kuroda reiterated the Japanese central bank’s easy money policy.
Kuroda also turned down the hopes of any direct forex market intervention by the central bank to safeguard the yen.
Sluggish yields and the latest comments from Kuroda exert downside pressure on the Yen pair.
Cautious optimism prevails ahead of crucial US inflation data, downbeat forecasts tease bears.
Major Support Levels:
S1: 145.22 (Lower BB)
S2: 144.54 (110-EMA)
Major Resistance Levels:
R1: 146.88 (21-EMA)
R2: 147.80 (20-DMA)
Summary: USD/JPY capped below 21-EMA. Technical bias is bearish. Retrace above 21-EMA will negate any bearish bias.


Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting 



