FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro- Woodies Pivot(Major) 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro- Major Crypto levels and bias summary 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro- Major Pair levels and bias summary 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
USD/JPY chart - Trading View
Spot Analysis:
USD/JPY was trading 0.04% higher on the day at 113.43 at around 10:05 GMT.
Session High/ Low: 113.66/ 113.32
Previous Week's High/ Low: 114.44/ 113.29
Previous Session's High/ Low: 114.03/ 113.29
Fundamental Overview:
Greenback remains on the defensive after US central bank last week reiterated that the inflation is transitory.
Also, Fed Chair Jerome Powell said that policymakers were in no rush to hike borrowing costs.
Caution prevails in the markets ahead of inflation data from the United States and China this week.
Figures due Wednesday are expected to show U.S. consumer price at 5.8% year-on-year, supporting the Federal Reserve's intent to be patient with interest rate hikes.
Rebounding US bond yields should limit the USD losses and keep downside limited for the pair.
Technical Analysis:
- USD/JPY pivotal at 21-EMA support, breach below will drag prices lower
- Recovery attempts remain capped at 5-DMA
- MACD shows bearish bias, Chikou span is biased lower
- Stohcs and RSI show bearish bias, volatility is low
Major Support and Resistance Levels:
Support - 113.39 (21-EMA), Resistance - 113.70 (5-DMA)
Summary: USD/JPY is extending sideways grind, after testing multi-month highs at 114.69 in the previous month. Watch out for break below 21-EMA for more weakness.
