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USDJPY Moving Above Key Hourly Level

The USDJPY (NYSEARCA:FXY) is moving above the 100 hour MA at the 79.45 level. The next target comes i at the 79.559 and then the 79.669. The 100 hour MA comes in at 79.72. BOJ Shirakawas said this morning that the BOJ will conduct powerful monetary easing.

I think that traders will be looking for momentum early on this move with limited risk (down to 79.38).

http://www.forexlive.com/blog/2012/05/24/usdjpy-moving-above-100-hour-ma/