USDJPY bounces. Stalls at support. Stocks rebound a little.


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111.93-985 hold support

The USDJPY is bouncing a bit. 

Holding support at the 111.93-985 AND a modest stock bounce is helping. 
The Nasdaq is trading at 7306 now. It reached a low of 7260. Although still down -161 point day or -2.17%, the index is off the lows.
As far as support, the 111.93-985 defines a swing level going back 8 trading days (see earlier post).  
The old trend line at 112.22 and better the 200 hour MA at 112.297 need to be broken if the buyers are to push the pair higher (and tilt the bias back higher). 
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