USDJPY comes down with stocks. Bond yields dip a little too

Overhead technical levels also help stall the rally.

The USDJPY did recover after the post ADP dip (see prior post), but did find the going tough at the overhead resistance targets (also see prior post).  

The high was able to breach the 50% retracement at 113.72 but stalled between the 200 hour MA (at 113.847) and the 100 hour MA (at 114.05). The high price reached 113.944.

The fall from the high has been helped by stalling stocks (S&P now negative). Bond yields are also off the highs. The 10 year yield is back below 2.5% after reaching 2.516%. It is not a disaster but the combination of factors, has pushed the USDJPY back lower.

Looking at the 5 minute chart, the price has stalled the decline against the 100 bar MA, trend line and the yellow area that has a number of swing lows./highs over the last few trading day.  Key support area now. A break below should be more bearish. 

GBPJPY and EURJPY are also moving lower.