Falls below 38.2% retracement
The US stocks are moving toward session lows. Is it helping to push the USDJPY lower? The moves are not that dramatic. The S&P is sown 10.5 points or 0.54% on the day.
Technically, the pair move below the 38.2% retracement of the move up from the Feb 11 low at the 113.37. That level held yesterday. Not today. The 112.98 channel trend line and the 50% of the same move higher at 112.914 are the next downside targets.
