USDJPY trades to new session low. Tests low for the week

Technical Analysis

Author: Greg Michalowski | usdjpy

The 50% is the risk for the shorts now.

The USDJPY is trading to new session lows and as I type the price price is also trading at new lows for the week. The move now targets the 106.44 level.  The 50% retracement is now close risk at 106.718.  

JPY crosses are also moving lower.