A round of US dollar buying boosted USD/JPY to a session high at 119.55 and knocked the euro below the December low of 1.2247. That level held in an earlier test but the euro is down 50 pips on the day to 1.2236 now, the lowest since 2012.
The euro is now testing some major levels with the 2010-2012 trend at 1.2236 and the 200-month moving average at 1.2225.
EURUSD with 200 month moving avg
