It looks like the yanks are passing judgement on Abe's measures
The wires are a alight with stories about Abe and his stimulus as the US opens the shutters. Some of these moves look to be coming on the back of that.
The 101.45/50 lows have broken and we're down messing with support around 101.20/25
USDJPY 15m chart
I mentioned the bounce earlier looked weak and thus it has shown itself to be. A break below this next support brings 101.00 into play
What also looks significant is that we've started the new month below the 55 mma at 102.74 and the level has been the high so far.
How the morning USDJPY bounce turned out
