The USDJPY extended to yet new highs as it moved closer and closer to the next targets at the 110.00 (nice round number) and 110.65 (high price from 2008). The high extended up to 109.733 before rotating lower. The price bottomed today against the lower boundary of lows and highs seen over the last 8 days of trading. Staying above the level is showing that the buyers are supporting the market against risk defining support. The 100 hour MA (blue line in the chart above) comes in at the 109.00 level currently (and moving higher) and is also a level to lean against for buyers today (and in trading this week). The price ... (full story)