USD/JPY chart on Trading View used for analysis
- USD/JPY failed to preserve its momentum overnight, slips lower from new 2019 highs at 109.99.
- Sentiment soured as the government shutdown in the U.S. showed no signs of ending anytime soon.
- 10-year T-bond yield also lost its traction to confirm the weakening risk-appetite, weighing on the pair.
- 110 remains a tough barrier to cross. Technical studies are biased neutral. Decisive break above 110 could see upside.
- Data from the U.S. overnight showed that house prices rose 0.4% in November and the Richmond Fed Manufacturing Index improved to -2 in January from -8.
- 110 mark is strong resistnace, break above finds next major hurdle at 110.77 (61.8% Fib).
- On the downside, 20-DMA is immediate support at 109.07. Break below finds little support till jan 10th lows at 107.77.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro- Major Crypto levels and bias summary
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: GBP/AUD drifts lower after BOE rate decision
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Crypto levels and bias summary
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
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges 



