USDJPY cracks 200 hour MA and scoots lower as stock slide weighs.


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The MA tried to hold, but stock slide could not be ignored

The USDJPY could not ignore the stock slide and has now cracked the 200 hour MA at 112.33. The price has moved to a low for the day at 112.13 now.

The 200 hour MA tried to stall the fall (it really did — see the 5-minute chart and the overlay of the 200 hour MA), but it could not hold.
PS the 10 year yield is now down -6.8 bps at 3.0997%. That is the low for the day.

ForexLive
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