USD/JPY Tries To Return Above Y105.00

USD/JPY shed a handful of pips Wednesday, extending its losing streak to
five consecutive days and closing below the Y105.00 mark, as USD plunged with
FOMC MonPol decision in focus. JPY fared rather badly against most of its G10
peers, which prevented a deeper decline.

• The rate has added 9 pips so far and last deals at Y105.01. Further gains
  above the round figure of Y105.00 would clear the way to Jul 27 high of
  Y106.16. Meanwhile, a fall through Mar 13 low of Y106.51 would expose
  the lower 2.0% 10-DMA at Y104.04.
• Japan's Covid-19 situation remains under scrutiny, after the nation
  declared 1,264 new cases on Wednesday, the first time the number topped 1,000.
• Japan's retail sales are due later today, while unemployment and flash
  industrial output come out on Friday.