USDJPY tumbles lower on China trade headlines but technicals also in play - ConsultFX

USDJPY tumbles lower on China trade headlines but technicals also in play

Price high today got within 10 pips of the 200 week MA against the US (trade war on).  However, technically the pair did also move up to the key 200 week MA at the highs today, and that too stalled the rise and gave traders a low risk reason to sell.