S&P trades at lows. Negative on the day
The S&P index is now negative on the day after trading up about 10 points at the highs (2104.05 high, trading at 2092.15 currently, down -0.10%).
The fall has taken the USDJPY down toward the 100 hour MA at the 109.00 level. Channel trend line comes in at 109.055.
IN the early European session, the price quickly fell below the 100 hour MA line, touched the 50% of the 6-day trading range, and rebounded. Rising stock helped the run higher. With stocks not doing so hot, the USDJPY (and JPY pairs) are under pressure again. If the technical support is broken at the 100 hour MA, another test of the midpoint (and completion of the day's lap) may be in the cards.
