USD/JPY Breaks The 100 Level For The Second Time Today

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USD/JPY Breaks The 100 Level For The Second Time Today

By Greg Michalowski on April 3, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

With the JPY being offered and softening up across the board for a majority of the session, the USD/JPY has broke the key 100 handle for the second time this session hitting a 100.17 high.

Looking at the chart below, the pair is comfortably sitting above the 200 Day moving average now as yesterday the pair broke this indicator and closed the trading session just on the line.

The USD/JPY has not closed well above this moving average since October 1, 2008.

jpy

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