USDJPY moves higher. Helped by better stock tone.

Looking to get above 112.00

The USDJPY is moving a bit higher in early trading today. The move is being helped by some favorable moves in equities to start the day.

The Nikkei 225 is now up over 1%. The S&P ASX is up 0.68%

Technically, the pair is in a swing area that has a number of lows or high bars going back to October 11 (see yellow area and the red numbered circles). That area comes in at 111.92-985. A move above and stay above, should give buyers a little more courage to take the price higher. The 100 hour MA at 112.29 would be targeted.

Fail here, and the 100 day MA at 111.567 might be retested over time.