USD/JPY Hits The 200-Day Moving Average

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USD/JPY Hits The 200-Day Moving Average

By Greg Michalowski on April 1, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The USD/JPY remains trading bound by both the 200 Day MA and 100 Day MA as the pair was unable to break and run north earlier. The pair firmed up early in the trading session touching this key 200 Day MA until fears regarding US auto bankruptcy brought the pair down to session lows, preventing the indicator’s breach.

The USD/JPY is currently trading around the 99 handle as traders await the US trading session to get underway.

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