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Bearish print added to the USD/JPY chart

The 100-hour SMA dips below the 200 SMA, leaving a key USD/JPY spot level on the upside.

More [Pair] traders could be joining the bearish bandwagon upon this signal, while others might chose a less vulnerable commitment by expecting the price to rise minimally to the 200 SMA and only then targetting for lower levels. A close above this all-important SMA would negate its bearish implications.

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Gold prices recovered losses to trade moderately positive on haven demand in the NY session as US stocks swing between gains and losses.
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