Moves toward 112.00
The USDJPY stalled earlier at the day near a topside trend line and backed off on the CPI. The price low stalled short of the 100 hour MA (blue line), and the rally was back on.
The price move above the trend line at 111.645 and that ignited more buying.
The price rise has moved above the September 5th high and the August 29th high at 111.748 and 111.82 respectively. The next target comes in at the 112.00 area (underside of the broken trend line comes in at 112.02).
Looking at the daily chart, the 112.146 is the high from August 1. The underside of the broken trend line is up at 112.63.
