USDJPY moves above 100 day MA and topside trend line

Nasdaq now positive on the day.   S&P unchanged.
The Nasdaq index is now retraced all of its earlier declines in trades up 8 points or 0.09% on the day. The S&P index moved back to unchanged (or close to it). 

What bears like about the NZDUSD today (and what the dip buyers like too)

There is some hope for both buyers and sellers
The NZDUSD fell below a trend line and the 200 hour MA on Friday. That tilted the bias (at least in the shorter/intermediate term) to the downside.  The move on Friday was able to extend below the 50% retracement at 0.66543, and test a swing low from December 26

AUDUSD takes out last week’s low. Moves away from 50% retracement

Falls below a key swing area at 0.6921 as well
The AUDUSD has moved to new session lows and in the process took out last week’s low price and is moving away from the 50% retracement of the move up from the December 16 low. That level comes in at 0.69345. The pair is also dipped below a swing

US stocks open lower on increased geopolitical tensions

Gold is higher. Stocks a lower. Yields are moving back to the downside
As geopolitical tensions increase, the US stock market is opening lower (but rebounding a bit in early trading). On Friday shares fell as well after the US killed Iran’s defense mastermind Soleimani.   Stocks have the largest two day loss since early December. 

USDJPY trades in an up and down range today

Technical floor stops the fall. 100 day MA stops the moves higher
With geopolitical risk, typically there is a flight into the "relative safety of the JPY" (a Pavlovian reaction by traders).  Last week we saw, the USDJPY move lower and indeed at the open today, the USDJPY moved lower on the back of the weekend saber rattling between the US/Iran.  However, the price moved

EURUSD extends above 100 hour MA today

Better PMI data helps to push the pair higher
The EURUSD has move higher in the European session helped by a weaker dollar and better PMI data.