108.16 is the close risk
The USDJPY has moved belowt the old floor and the week's low on the back of the Fed decision. Powell is speaking now before Q&A.
The old floor comes in aat 108.16 and traders will now use that area as a risk level. Stay below is bearish.
The price is also below the tumble low from yesterday at 108.06. That too is more bearish.
See earlier post HERE
