CAD/JPY - Canadian dollar traders managed to halt the descent around the psychologically important 100.00 handle, as the cross stalled at 99.85, a level established by the 23.6 Fib 23.6 Fib of the 83.12-105.20 CAD rally at 99.85. A further collapse will most likely see the cross accelerate to the downside as number of strategically placed stop will add to the overall momentum as Loonie traders scramble out of their positions with yen traders aiming toward the bids around 97.88, a level marked by the November 14 daily low. A further momentum on the part of the yen bulls will most likely see the CAD/JPY tumble further and take on the Loonie bids around 96.73, a level created by the 38.2 Fib 23.6 Fib of the 83.12-105.20 CAD rally. Indicators are mixed with momentum indicator below the zero line and positive MACD sloping downward toward the zero line, while ADX above 25 at 29.26 signals an existence of a trend, not a direction of one, with oversold Stochastic adding to the trending outlook.

CHF/JPY - Swiss Franc longs saw the cross bouncing back toward 89.16, a level established by the 50.0 Fib of the 84.83-93.46 CHF rally after encountering active bids around 88.36, a 200-day SMA. As cross once again reverses direction and head lower, a further move to the downside will most likely see the CHF/JPY aim for the Swissie bids around 88.13, a level marked by the 61.8 Fib of the 84.83-93.46 CHF rally. A sustained momentum on the part of the Japanese Yen bulls will most likely see the CHF/JPY head lower and aim for 87.14, a level created by the September 29 daily low. Indicators are mixed with momentum indicator below the zero line and positive MACD sloping downward toward the zero line, while ADX above 25 at 31.93 signals an existence of a trend, not a direction of one, with oversold Stochastic adding to the trending outlook.

NZD/JPY - New Zealand dollar traders saw the cross stall below 78.96, a 50.0 Fib of the 70.81-87.09 NZD rally after finding encountering active Kiwi's bids around 78.24, a 200-day SMA. A further move to the downside will most likely see the cross head lower and aim for the New Zealand dollar bids around 77.04, a key 61.8 Fib of the 70.81-87.09 NZD rally, and with sustained momentum seeing the NZD/JPY test potential support around 75.17, a level established by the July 13 daily low and is a gateway to the psychologically important 75.00 handle. Indicators are mixed with momentum indicator below the zero line and positive MACD sloping downward toward the zero line, while ADX above 25 at 40.08 signals an existence of a trend, not a direction of one, with oversold Stochastic adding to the trending outlook.