Pair is able to stay below the converged 100 and 200 hour MAs today
The USDJPY has just busted below an intraday floor at 112.54. The low has reached 112.503. So it is not actually running, but the given the narrow trading range, the break is getting some attention.
The USDJPY tested the converged 100 and 200 hour MAs at the 112.73 area early in the NA session (see prior post here). The 100 and 200 bar MAs on the 5-minute chart stalled the fall for most of the day (at 112.644 and 112.668 respectively). The price fell below each of those MA levels about 30 minutes ago and has stepped lower.
