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USDJPY extends above 100 hour MA but falls short of 38.2% retracement of the week's range

USDJPY extends above 100 hour MA but falls short of 38.2% retracement of the week's range

The USDJPY moved up to a new high. Stocks have rebounded from earlier declines. The Dow Industrial Average is up 0.34%. The S&P index is up 0.44% and the NASDAQ index is up 0.25%

Yields are higher as well. The 2 year is up 4.8 basis points while the 10 year is up 5.4 basis points

Looking at the hourly chart, the pair moved sharply lower on the back of the surprise BOJ shift early on Tuesday. The price tumble took the pair to a low of 130.556, but has been stepping higher in chop... Read More

Posted: Dec 23 2022, 15:48
Author Name: forexlive
Views: 110724

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