Back below 200 hour MA/50% retracement, and broken trend line
The USDJPY has moved back below its 200 hour MA/50% retracement and a broken trend line.
The US stocks have moved into the red and that is hurting the risk on sentiment. The rise earlier above the 200 hour MA was the first crack above since the FOMC day last week (May 20th). Bulls are disappointed.
Looking the dollar in general, the green back is now the strongest (despite the USDJPY move back lower), but the gains are mostly against the GBP. The other moves vs those currencies other than the GBP, show changes from the prior close of 12 pips or less.
