USDJPY jumps on the US/China tariff headlines

Technical Analysis

Author: Greg Michalowski | usdjpy

Runs up to 100 hour MA but backs off

The USDJPY jumped on the US/China tariff headline. The run higher took the price back up to the 100 hour moving average at 108.681, but the price has already back down toward the 108.53 level.   A new low for the day was reached in the current hourly bar, but stalled at the 200 bar moving average on the 4 hour chart at 108.448.  

USDJPY on the hourly chart stalled at the 100 hour moving average and move back down
The headline gave the NASDAQ a boost back to the upside. The index is currently trading up 20 points. It was trading above and below the unchange line prior to the report.

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