USDJPY muddles along today. Trades above and below the 100 day MA

The "market" is looking for the next shove
The USDJPY moved up to test the 50% retracement of the move down from the March 25 high in trading yesterday. That level comes in at 109.309. The high price yesterday did extend above that level to 109.37, but the move was short lived. The price started to correct.  That 50% retracement level remains

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