Through changes to the bearsThe USDJPY found support earlier in the day, the 100 hour MA(blue line), The comments of N. Korea that the Asset comments on the weekend were a declaration of war, are a little more verbal rhetoric, but the
- the stocks were vulnerable, and they have cracked down even more,
- Gold upward movement and trades above $1300 now ($5.70, or +0.45%),
- Yields moved lower (10-year is down to -3.5 bps now)
All that has helped push USDJPY below the 100 hour MA. The 100-hour MA is now the risk of short circuits (this was in support of resistance).
The next targets are the 111.64 low from Friday (testing as I type). The 200 hour MA is at 111.435. A move below the 200 hour MA and traders will be looking toward the 100 day MA at 111.075 and 50% of the move up from September 15 to 111.12.
The market has got a boost. We are seeing the action now. The USDJPY has cracked the support.