Seems to be reacting to the ebbs and flows in the market.
The last few minutes has seen the USDJPY rebound back higher. The move came after another failed move to new lows. Earlier in the day (pre-FOMC) the lows were taken out by 2 pips and failed. The post-FOMC trading took the price to a newer low at 103.00 level (old low was 103.06) and that failed.
Meanwhile, the S&P is up to 2103 from a low of 2094.
The 10 year bond yield is up to 1.7990% from 1.7724%
Gold is down to 1302 from 1308.
The USDJPY is trading at 103.41 now.
The 38.2% of the move down today comes in at 103.448. The 200 bar MA on the 5 minute comes in at 103.50. The price has not been above that MA since early in the NY session yesterday. A move above would be more bullish.