Traded lower and then higher. It is now lower.

The USDJPY moved lower in Asian trading, rallied in early European trading, and is falling back down in NY/North American trading.

Technically,

  • The low today stalled near the 100 hour MA (blue line in the chart above).
  • The high stalled just below the 100 day MA at 111.84 (and also the highs from yesterday).
  • The pair is now below the close from yesterday at 111.44 and also below the 100 bar MA on the 4-hour chart at the same level.

The 100 hour MA is now at 111.243 and a downside target on further selling.