EUR/JPY broke below the 200-day moving average today and now USD/JPY may do the same.
The dollar traded below the 200dma on an intraday basis earlier in the month but didn’t close below the key level. There are strong bids in the 101.40/50 range ahead of the 200dma. If it breaks the next set of bids kicks in at 101.00/05.
USDJPY daily with 200dma
