USDJPY trades at new session highs. Stocks moving higher.

Report White House has no ongoing talks about action on Amazon

There is a report that there is no ongoing White House talks about action on Amazon and that has sent the shares higher (up 2.88% now up $39). The S&P is trading up 26 points and is back above the 200 day MA at 2590.

That has led the USDJPY higher on "risk on" flows. The pair is trading at new session highs for the day and is testing a swing high area between 106.597 and 106.687 (see earlier post). The price just reached 106.65.

A move above would look toward 107.00 high from last week and the underside of the broken trend line.