AUTOREFRESH 
USDJPY still looking soft
By Sam Diakou || January 5, 2010 at 23:52 GMT
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Early Japanese Institutions have been seen selling USDJPY this morning with key support seen at 91.00-10 area. Below stops will be triggered and a fall back to 90.60, the 100 day MA, is highly likely. EURJPY will takes its cues from USDJPY rather than EURUSD. Support seen here at 131.30-35(38.2% fibo retracement of the recent move up from 127.35). Under that and we should see the 50% fibo retracement level at 130.60 achieved.
It is definitely. But how do you see potential USD strength against EUR, AUD, NZD playing out if USD/JPY collapses down? It should entail further strength in those pairs.
Or not really strength but maybe just support until USD/JPY tests the upside again.