Forex technical analysis: USDJPY falls back to the lows

Technical Analysis

Author: Greg Michalowski | usdjpy

Tests 200 hour MA again

The USDJPY is trading back lower. The pair is testing the 200 hour MA at 113.169. Earlier the low pushed the level but bounced back above the 100 hour MA at 113.347.  

The S&P is down about 7.4 points now. The Nasdaq is -18.315 points.  The dollar seems to be watching that. If it goes down, down goes the dollar (stock traders might be watchind the USDJPY too).