100 day M at 121.45
The USDJPY is moving higher, despite the weaker US GDP. Of course the Japan easing overnight has that pair (and the JPY in general) moving higher.
Technically, the spike high (within the first few minutes of the easing announcement), took the price to within 7 pips of the 200 day moving average at 121.45. The price high came in at 121.38. The current price is moving toward that high and the key MA above. The price is not traded above the moving average since December 18.
