USDJPY drifts lower with yields/stocks

Technical Analysis

Author: Greg Michalowski | usdjpy

10 year down near day lows. Stocks losing ground too.

The USDJPY and JPY crosses, are heading lower as stocks slide and yields also fall.

The S&P index is down -13.5 points or -0.52%. The Nasdaq is downs -0.53%.  

The 10 year note yield is down to 2.38% down -2.4 bp.   Gold is trading in the black after  trading down -$9 earlier in the day.

For the USDJPY the pair tested a lower trend line at 113.32. The low from yesterday reached 113.238. The low last week stalled at 113.08.  You might also add the 200 bar MA on the 4-hour chart at 113.163 to target levels on further selling.