The bulls are running in the USDJPY
The USDJPY bulls are running and in the process, the 200 hour MA has been broken. The high reached 110.99 and took out the high for the week at 110.978 but only by a pip or so. The 50% of the move down from the July 26th swing high comes in at 111.015. So there was a reason to stall. Now the question is, can the buyers hold support near the 200 hour MA at 110.82, and make another run for the 111.00 level.
