Still down on the day but making progress
The USDJPY has extended to a new NY session high at 109.42. In the process, the pair has moved above and away from the 200 bar MA on the 5-minute chart at 109.235, and above the 50% retracement at 109.209 (the market has based against that midpoint over the last few hours of trading. .
The close for the year came in around the 109.60 area. We are currently about 18 or so pips from that level. A move above would give the buyers even more confidence.
The Nasdaq is up about 18 points. The S&P is trading above and below the unchanged line currently. The Dow is down -19 points but is up around 140 points from the low.
