 As outlined in previous post, the USDJPY is trending away from its 200 day MA and is also below the 50 retracement on the back of the Bank of Japan shift in policy with regard to the target 10 year yield . For the EURJPY it too is lower, but technically, the pair has more work to do to increase the bearish bias.Looking at the daily chart above, the swing low for the year came in March near 124.384. The price did move higher, but more in a up and down volatile fashion. The high... 