Breaks trend line in the process
The USDJPY has broken to the upside and in the process is putting some room between the price and the 112.00 level.
Looking at the hourly chart, the pair traded above and below the 50% of the move down from the March 10th high. That level came in at 111.81. Although the price moved above that level yesterday, it stalled twice at 111.91. The price closed right at the 50% level (at 111.817).