USDJPY tests/moves below the 100 bar MA line. London fixing approaching

100 bar MA on the 4-hour chart comes in at 109.92

The USDJPY is trading at NY/London session lows and in the process has moved below the 110.00 level and tests - is now moving below - the 100 bar MA on the 4-hour chart at 109.92. The London 4 pm fixing is approaching and may be having an impact on the price action.

The low from the Asian session stalled at 109.844. The 50% of the move up from Friday's low comes in at 109.727. Those are the next targets on continued downside momentum.

The 10 year yield has given up some of the earlier gains. The yield is down to 2.28% from a high of 2.32%.

Gold has recovered some of the losses. IT reached a low of $1265.41 and is currently trading at $1272.