The USDJPY is now trading higher after dips lower failed

The USDJPY fell below the 200 day MA but stalled after the jobs report The USDJPY fell on the surprise (sort of) -701K decline in nonfarm payroll and rise in the unemployment rate (4.4%).  That decline took the price below its 200 day moving average at 108.298. However, momentum could not be sustained and the prices since rebounded to a new intraday