USD/JPY chart on Trading View used for analysis
- USD/JPY has broken above 113 handle and is currently trading at 113.21 after hitting session highs at 113.28.
- Rise in in the S&P 500 futures amid risk-on weighing on the Japanese yen.
- Technical studies are turning slightly bullish on the daily charts raising scope for further upside.
- The pair has broken above 21-EMA and has bounced off daily cloud on Friday's trade with a 'Dragonfly Doji' formation.
- RSI has edged above 50 mark and is biased higher along with Stochs.
- Close above 20-DMA to see test of upper Bollinger Band at 114 mark.
- Rejection at 21-EMA and slip below daily cloud to see weakness till 100-DMA.
Support levels - 113.08 (21-EMA), 112.30 (Nov 20th low)
Resistance levels - 113.38 (Oct 31 high), 114 (Upper BB)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Energy Sector Outlook 2025: AI's Role and Market Dynamics
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
FxWirePro: AUD/USD eases as investors switch focus to RBA
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
Geopolitical Shocks That Could Reshape Financial Markets in 2025
FxWirePro- Woodies pivot (Major)
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
European Stocks Rally on Chinese Growth and Mining Merger Speculation 



