USDJPY stalls at 200 day MA (as expected). What next? - ConsultFX

USDJPY stalls at 200 day MA (as expected). What next?

Rotates back lower after the test. The USDJPY rallied after the CPI data ().  The price moved to new session highs. The 200 day MA was a key target above.  The move higher got to 111.69 - a pip or so short of the MA level - and sellers leaned on the first test.  Copyright 2015 Forexlive.com