101.29 level is the level
The USDJPY is up testing the topside trend line,swing highs from August 15 and August 16, and the 61.8% retracement of the moved down from the August 12 high.
The stocks have moved sharply lower (S&P unchanged) after Fed's Fischer's comments. Does the USDJPY go higher on Fed or down on stocks down?
Technically, traders leaning against the aforementioned levels. Let the price action and the technicals decide.
JPY crosses also moved higher on the JPY move.
