The USDJPY is breaking above the 100 hour MA and 38.2% retracement at 117.95 area. The next target is the 50% at the 118.698 and then the 200 hour MA (green line) at the 118.87.The stocks remain supported. with the Nasdaq up 64 and the Dow up 205. This is helping to keep the bid out of the JPY (i.e. safe haven flows).If the stocks can keep the gains, the USDJPY should keep the bid as well.
USDJPY moves above the 100 hour MA and 38.2% retracement.
