USDJPY breaks above 100 hour MA. Stocks help.

Market ignores the dip in the ISM non-manufacturing

The USDJPY has cracked above its trend line and 100 hour MA ignoring the weaker than expected ISM Non-manufacturing data. Sellers are forced to buy. The price now targets the high for the day from the Asian session at 108.616. A move above that level and the underside of the broken trend line at 108.91 currently will be eyed.

The 100 hour MA to trend line area is now risk for the new longs. The MA is at 108.43. The trend line cuts across at 108.36.

Stocks moving higher is helping the "risk on" flows. The Nasdaq is up about 50 points or 0.73%. The S&P is up 10.71 points or 0.44%. Both are near highs for the day.