USD/JPY chart - Trading View
- USD/JPY has resumed upside after a brief pause on Tuesday's trade.
- Reports that the US and China are near to a trade deal favored risk-on amid markets supporting the pair higher.
- Also, BOJ Dep Gov Wakatabe's comments that inflation remains subdued globally may have added to the bearish pressures around the JPY.
- The pair is hovering around 200-DMA at 111.47 after hitting 3-week highs at 111.53. Rise in the 10-year treasury yield to keep support.
- Developments surrounding the US-China trade negotiations will impact price. On the data front, the US ADP employment change, ISM non-manufacturing PMI in focus.
- Technical analysis supports upside in the pair. Breakout above 200-DMA will confirm bullishness.
Support levels - 110.98 (110-EMA), 111.12 (5-DMA), 110.86 (55-EMA)
Resistance levels - 111.47 (200-DMA), 112, 112.21 (76.4% Fib)
Recommendation: Stay long on break above 200-DMA, SL: 110.95, TP: 112/ 112.20
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR edges higher, set to stay on back foot
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
FxWirePro: AUD/ USD strongly bearish despite upside attempts
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



