USDJPY stays below the moving average. 100 day MA provides support.

Ping ponging between the MAs

The USDJPY moved lower in Asian trading but stalled at the 100 day MA at 110.01. The move higher, tested a topside trend line and the 100 hour MA (currently at 110.465). Sellers leaned against that level.

The current price is more toward the middle of those key technical levels at 110.265. Flip the coin.

Traders battle. Technical levels are doing their jobs of attracting the "leaners" where risk can be defined and limited.