Stock falls helping to push flows into the JPY. EURJPY falls to new session lows

As the forex market trades quietly on Easter Monday, the major pairs are dealing with the 100 hour MA on a number of major pairs.

The USDJPY is not an exception.

The price price has moved down to a new NY session low at 106.20. The 100 hour MA comes in at 106.197.

The move lower is being helped by lower stocks in the US. The Nasdaq is down close to 2% now (-1.96%). The S&P is lower by -1.45%. That is leading to the flows into the relative safety of the JPY. The EURJPY has just moved to new session lows and tests its 200 hour MA