Now that the bad news is out...JPY falls
The US retail sales came out worse than expected. The JPY pair fell but are now seeing support (go figure). The BOJ took out reference to negative rates but were not all that upbeat about inflation and the economy.
The fundamentals put aside, what I know technically is the 50% and the 200 hour MA on the EURJPY held support at 125.156. That combo is an important one for me and apparently for the market as well. Targets above 125.657 and the 100 hour MA at 125.87.
