Looked below the MA line at the opening but rebounded. Back down testing.
The USDJPY moved down to test the rising 200 hour MA for the 2nd times today. Earlier in the day, the price opened and moved below the MA line at the 113.14 level. The price traded below the line to 113.107. That was it though. The next bar was back above the MA line and the price moved higher. The price moved to a high of 113.726. Since then, the story has been more bearish with the weaker Empire Manufacturing sending the pair lower.