The USD / JPY recently broke 101.85/90 where Monday’s lows lie and extended the decline to 101.70. A consolidation around current levels would weaken the pair.
If the downside continues, the next support is at around 101,10 / 20. On the opposite side, a return above 102.20 could remove bearish momentum. While in the upward path, above 102.70 the bias would be clearly bullish.
A daily close a few pips below current level, will rise expectations of a test of 101.20; below the next support is 100.70.
