Technical Analysis

USDJPY retraces the NY trading range

Still lower on the day but well off the lows.

The price of the USDJPY reached a NY session high price at 111.19 in the first hour of trading.  The low was reached after the NFP report and reached a low of 110.71.

The price corrected higher and reached a high of 111.193.  The lap lower and back higher was completed.  

The price is down testing the 100 bar MA on the 4-hour chart at 111.06.  A move below would be more bearish. Stay above keeps the hopes for more upside in the cards.

Stocks are trading around the mid-range.  

Yields also near mid range for the day as well. 

ForexLive

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