USD/JPY chart on Trading View used for analysis
- USD/JPY is trading 0.13% higher on the day at 110.76 at around 0830 GMT.
- The major is extending marginal gains as JPY weighed down by the possibility of further BoJ policy easing.
- Speaking at the Japanese parliament, BoJ Governor Haruhiko Kuroda raised the possibility of further policy easing.
- Kuroda said that the central bank is ready to ramp up its stimulus if a sharp appreciating in the domestic currency hurts the economy and threatens its 2% inflation target.
- That said, nervousness ahead of the next round of US-China trade talks underpinned the Japanese Yen's relative safe-haven status, limiting upside in the pair.
- Upside is currently capped at 61.8% Fib at 110.77. Break above finds next major resistance at 110-EMA at 110.91.
- On the flipside, the pair is holding strong support at 55-EMA at 110.44. Break below will see weakness till 21-EMA at 110.09.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Woodies pivot (Major)
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal 



