200 hour MA, 50% and trend line all being tested

The USDJPY is back trading near NY session highs, and in the process is now testing 4 separate technical levels within 2 pips:

  • 200 hour MA at 110.20
  • Trend line at 110.21
  • 200 day MA at 110.22
  • 50% retracement of move down from last week's highs at 110.22

A key level for buyers and sellers.

A move above will look toward the 100 hour MA at 110.31. A move above that level and the door opens for more upside.

The Nasdaq is leading the way in the stock market today. That index is just off the highs at 7791.60, up 66 points or 0.85%

The Dow is still under pressure and is down -17.65 points but off the lows.

US yields are ticking a bit higher. The 10 year is up 2.2 bps at 2.9187%.