USDJPY tests the 50% of the years range
The USDJPY has moved to a new session high and in the process is testing the 50% of the year’s trading range. That move has taken the price from a high of 118.60 to a low of 112.559. The 50% level comes in at 115.58 (see chart below). Another key level is the 100 and 200 bar MA on the 4-hour chart at the 115.85 level.