USD/JPY Technical Analysis: Greenback collapses towards 110.00 handle on dovish FOMC

USD/JPY daily chart

• USD/JPY is trading below the 100 and 200 SMAs suggesting bearish momentum. 
• The FOMC was much more dovish than expected sending USD down across the board.

USD/JPY 4-hour chart

• USD/JPY is trading below its main SMAs suggesting bearish momentum in the medium-term.

USD/JPY 30-minute chart

• USD/JPY is trading below its main SMAs suggesting bearish momentum in the short-term.
• The next key support is at the 110.00 level. 
• Resistances are at 111.00 and 111.30 level.
   

Additional key levels