Topside trend line stalled the rally
The USDJPY has moved lower as stocks get hit and technical resistance against a topside trend line target near 108.75 stalled the rally (see earlier post).
The price has move back toward a swing area between 108-60 and 108.62. A move below the level will have traders looking toward the low swing area seen over the last 12 or so trading days between 108.32 and 108.37.
