Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
USDJPY moved back to lows and below the 100 hour MA
100 hour MA at 110.397
The price of the USDJPY has moved back to the low for the day at 110.31. That move lower has been helped by a break back below the 100 hour MA at 110.397 currently.
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