Technical Analysis

USDJPY falls with destructive inventory strikes

Seems to be towards the following targets.

The US inventory slide is beginning to weigh a little bit extra on the USDJPY. The pair moved to new session lows and within the course of are shifting towards the swing space and 38.2% retracement at 109.189 and 109.141 respectively.  

Looks toward the next targets.
The shares are off the day lows however a part of the worry is the shares are coming off a good run off the December lows. For the Nasdaq, the index moved up round 16% off the lows and within the course of examined the 50% of the transfer down from the all time highs at 7163.108.  The index is down at 7055 at present. That’s nonetheless above the 50 day mA at 6945.525. So issues usually are not all that dangerous technically, however there may be now a battle between the 50% and the 50 day MA  between 7163.108 and 6945 (ps the 38.2% can be in play at 6934.144).

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