…but the path has been up and down
The USDJPY has extended to new session lows – taking out the low from earlier today at 112.245. The pairs move has taken the price further away from the 100 day MA. The price fell and closed below the 100 day MA on Friday for the first time since October 7th (you have read that before in prior posts on the USDJPY over the last few days). The sellers have taken more control on the move below the 100 day MA. There are a bunch of targets that come in the 111.156 to the 111.68 level now (see daily chart below). It should be a touch area to break.