USD/JPY Technical Analysis: Losing steam below 111.50 ahead of Fed

USD/JPY daily chart

• USD/JPY is in a consolidation between its 200-day simple moving average.
• The FOMC at 18.00 GMT can lead to high volatility.

USD/JPY 4-hour chart

• USD/JPY is consolidation between the 50 and 100 SMA. 

USD/JPY 30-minute chart

• USD/JPY is trading below its main SMAs suggesting bearish momentum in the short-term.
• A break below 111.30 can lead to 111.00 figure.
• Resistances are at 111.50 and 111.65 level.
   

Additional key levels