100 bar MA on 5 minute stalled the rise
The USDJPY moved above a downward sloping trend line. The price moved above the 100 bar MA about the time Wilbur Ross was talking on CNBC presenting the case for the tariffs, but the rally stalled around that MA, and the price has rotated back down.
The momentum is lower. The dip buyers have a floor to lean against, but the burden remains on the buyers to get and stay above the 100 bar MA still. That is the technical clue for the buyers (and give sellers a risk defining level too).
Stocks are off the low and off the highs (closer to the highs of the day's trading ranges). That helps a bit.
