New lows for the week

The USDJPY has just moved to new week lows taking out the Wednesday low at the 100.96 level. The S&P futures turned negative after the week retail sales and PPI data US (down -2 points currently). On the move lower, the pair has moved below the "old trend line" that traders used to lean against in trading just yesterday. That line comes in at 101.23 currently. Keep an eye out for selling against the level.

The EURJPY has also moved sharply lower on the news and tests the 100 and 200 hour MAs at the 113.17-33 area. The 50% of the move up from last Friday's low comes in at 113.166. The current price is trading around those levels. Support being tested. The S&P futures are trading down 1.75 while the Nasdaq futures are down 1.25. Not much selling to be honest.