108.68 was last Friday's spike low

USD/JPY is the chart of the day today and the big question is whether it can hold the August low.

The low of 108.68 last week also corresponds closely with the June low of 108.69 so that makes it doubly important.

At the moment, it's not looking good. The drama in Washington isn't going away and it's tough to see an immediate catalyst for a turnaround.

Stocks are the best hope but markets rarely bottom on a Friday.