Forex technical analysis: USDJPY moves back toward 50%/200 hour MA - ConsultFX

Forex technical analysis: USDJPY moves back toward 50%/200 hour MA

Friday the technical levels gave the pair a push higher... The USDJPY has been moving lower in trading today. Yields are lower. The stock markets look to take a breather.  Technical resistance held above and that gave traders a reason to sell after the rise up from the 100 day MA support low on January 2nd.  Copyright 2015 Forexlive.com