USDJPY moves lower but quickly rebounds after CPI - ConsultFX

USDJPY moves lower but quickly rebounds after CPI

Dips below the 200 hour MA for a moment The USDJPY dipped below the 200 hour MA after the US CPI report (at 106.712) but quickly rebounded. The price moved from 106.72 to a low of 106.67, and back up to 106.79.  So we are talking about a 13 pip range down and up.