Topix /Nikkei underpressure
The Japanese stock market is taking clues from the USDJPY fall (and JPY crosses are also under pressure too).
The Topix index and Nikkei are both getting hit hard with the Nikkei down over 1.7% on the day.
The USDJPY did not hold support and is cracking below the 100 hour MA at the 109.72 level. More bearish.
The EURJPY has been trading higher and lower over the last 6 trading days. The lows from last week at 122.92 and 122.60 are the next.
