USD/JPY has been hard hit today, dipping back below 97.00 and squeezing out some of the late-comers to the dollr party. If the retracement contoinues back toward 96.30/35, the forex gods might be giving USD bulls a perfecrt entry point. Buy against broken downtrend resistance (now support) at that level with a stop below the 95.70 level. Look for a retest of the 99.00 area later in the week.

8-10-jpy