Tests 100 hour MA . 100 day MA also in the vicinity
It is more about the stocks today (or so it seems)
The USDJPY has continued the move lower and in the process has dipped briefly below the 100 hour MA at 111.93. The 100 day MA is at 111.777. The low price just dipped to 111.866 - between the two level. The price has bounced a bit.
The fall corresponds with moves to new lows in the US stocks. Nasdaq stocks continue to get hit. It is on track to the biggest move since May 17th and looks to close below its 50 day MA for the first time since. April 13th when there was a single day close below the MA level. Prior to that you have to go back to November 2016.
