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USD/JPY 100-SMA now below 200-SMA

A decline in the 100-period below the 200-period moving average has been spotted on the hourly USD/JPY charts.

Due to the time lag involved in MA crosses, each event must be evaluated individually. In the current scenario, the recently printed high prices on the hourly USD/JPY charts are at relatively narrow distance to the SMA cross which could be used as technical hotspot by traders wanting to take advantage of the marginal rally. The risk scenario is an overshoot beyond the 200 SMA.

Norway Trade Balance up to 14B in July from previous 7B

Norway Trade Balance up to 14B in July from previous 7B
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EUR/JPY slides back below 113.00 handle

After Friday's rejection at 114.00 handle, renewed buying interest around the Japanese Yen dragged the EUR/JPY cross back below 113.00 handle. Yen co
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