USDJPY falls to new session lows. Price moves below the lows from yesterday

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Lows from last week are now eyedThe USDJPY has fallen to a new session low at 109.257. The US stock futures have dipped since the North American traders enter, but our still leaning for a higher opening with the Dow up 198 points and the NASDAQ index up 72 points.  There is still a lot of nervousness in the equity markets despite the gains in premarket trading (the pattern is to open higher and moved lower of late).The USDJPY did see a rebound in the Asian session which took the price back above its 100 hour moving average (blue line).  Recall from yesterday, the corrective move in the early New York session found sellers against that moving average level and although traders initially leaned against the level on the first rise today, the second was able to extend above. That is the good news. The not so good news is that the gains above that moving average were short-lived and the price declines resumed over the last eight or so trading ho
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