USDJPY falls to new lows. EURUSD moves to new highs

The US CPI data came in about as expected. Retail sales came in better inclusive of revisions. Empire manufacturing was weaker than expectations. The dollar moved higher initially on the data release, but has since reversed and trades to new lows for the greenback.

Looking at the USDJPY, the pair has moved below the 200 bar MA on the 4-hour chart today and extends toward the next target at the swing low from October 19th at 112.286. The low reached 112.47. On more weakness, look for the 112.286 to be the next target. The 38.2% is at 111.908. The 100 and 200 day MA at 111.75 area is very key technically.

In the EURUSD, the price decline moved to the 100 bar MA on the 5-minute chart on the dip and then moved to new highs. The 100 bar MA will be eyed as risk for longs today. Stay above keeps the buyers in control

In other markets, the 10 year yield reached one week lows at 2.3169%. It is back up to 2.3328%, down 3.9 bp.