Intraday trend line holds during the volatility and the new high reached.
The fireworks from the ECB ambiguous comment, helped push the USDJPY down, but it found buyers near trend line support from the prior post (CLICK HERE). The rally back higher (new highs) has the pair testing a new topside trend line at 102.95. A break above, is another break higher for the pair.
As a reminder, the 103.35-53 from the day chart is another target area as is the 100 day MA at 103.80 (blue line in the chart below). We may not get there today, but the buyers are still more in control from the price action and technical tools today.
