Up and down day but trying to make a run
The EURJPY spiked above the 200 and 100 hour MA. Kuroda comments have helped to weaken the JPY. The USDJPY has been helped by some decent data today.
The move higher comes after an up and down session earlier in the day. The price did move to the 100 hour MA earlier and stalled. The fall took the price down toward the 132.10 area which is a floor area. On Friday that floor was broken, but momentum failed.
Does the ups and downs continue or does the market find support in the yellow area (100 and 200 hour MA area) and to test the topside trend line at 1.3276 and then the 100 day MA at 132.98? That is the risk and the targets for the buyers now.