Technical Analysis

USDJPY trades at a brand new NY session excessive

Nonetheless down on the day however making progress

The USDJPY has prolonged to a brand new NY session excessive at 109.42.  Within the course of, the pair has moved above and away from the 200 bar MA on the 5-minute chart at 109.235, and above the 50% retracement at 109.209 (the market has based mostly in opposition to that midpoint over the previous couple of hours of buying and selling.  .  

The shut for the yr got here in across the 109.60 space.  We’re presently about 18 or so pips from that stage.  A transfer above would give the patrons much more confidence.

The Nasdaq is up about 18 factors. The S&P is buying and selling above and beneath the unchanged line presently. The Dow is down -19 factors however is up round 140 factors from the low. 

ForexLive


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