USDJPY cracks 100 hour MA

Moves to unchanged on the day

The USDJPY has cracked below its 100 hour MA at 111.026 and there were some stops triggered down to 109.90 (see prior post).

The US stocks have given up gains and that is pressuring the pair. Also the 10 year yield is in the red at 2.205% after moving up a bit to 2.225%. It is not much of a move, but the upside was rejected (in stocks and yields).

For this pair the 200 hour MA was a ceiling twice today (see green circles). That holding of the line, also gave sellers more confidence to push lower.

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