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USDJPY moves back to the downside and below its 200 day moving average

As stocks moved back higher and yields moved lower, the US dollar is getting weaker.The USDJPY is back below its 200 day moving average of 134.506. Closing below the level today would be the first time the currency pair closed below that since February 23, 2021.

The USDJPY moved higher after the stronger than expected jobs report. However momentum faded near the 38.2% retracement of the week's trading range. That level comes in at 136.009. The high price reach 135.997.

Since then... Read More

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Usdjpy

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Posted: Dec 2 2022, 20:42

Author Name: forexlive

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