USDJPY test 100 hour MA

The dollar is moving lower with the EURUSD trading at new session highs and the USDJPY at new lows. The USDJPY is testing its 100 hour MA at 113.708

In other pairs,

  • The USDCAD is at new lows and looks to target trend line on the daily chart at the 1.3205 level
  • The AUDUSD is trading at new highs and trades above the 38.2% of the move down from the November high at 0.74889. The highs from last week peeked at 0.7497 (three highs at 0.7493, 0.7497, 0.7496)
  • NZDUSD at new highs (tests 200 bar MA on the 4-hour chart at 0.7147). It moved into positive territory (above 0.7132) after lagging on the back of PM Key's surprise announcement he would be stepping down

The EURUSD is the strongest currency, and was the strongest currency at the start of the NA session. Those gains from earlier have advanced to even higher levels. The Italian referendum seems to have some shorts still feeling some pain. The GBP is now the weakest (the NZD was the weakest earlier today).

In other markets:

  • crude oil prices are trading at $51.92, plus $.24 or 0.45%
  • Spot gold is trading at $1173,, -4 dollars or -0.34%
  • US 10 year bonds are trading at 2.3724% -1 basis point.
  • Nasdaq is up 53 points or 1.02%. . The S&P is up 13 points or 0.61%. The Dow is up 0.32%.