• -0.05% early after closing up 0.33% with the U.S. dollar up 0.7%

• EUR and GBP led the USD higher after soft PMI data - EUR/JPY closed -0.7%

• Japanese holiday, Asia likely cautious on the FX majors after the USD jump

• Charts- USD/JPY continues to trade above the falling daily Ichimoku cloud

• 157.05 Tenkan line is resilient, then the easing 152.89 cloud top supports

• Mixed 5, 10 & 21-day moving averages as daily momentum studies flat line

• Uptrend stalled - 158.00/10 caps after proving resilient in December

• Close below the 155.97 Dec range base or above 158.10 should be directional
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)