More stops tripped as we fall to 101.82. The yen crosses have been sliding as well with GBP/JPY nearing a 100 pip loss for the day. 174.33 the low from 175.27 highs this morning.

The 200 dma in USD/JPY at 101.70 could be the first decent support point ahead of 101.20

USD/JPY daily chart 07 07 2014

USD/JPY daily chart 07 07 2014