USD/JPY is sliding lower again, presently at 93.90. Earlier talk of the BOJ phoning around held up the USD bears for a while, but to be honest not very long at all such is the negative greenback sentiment at the present time.
Sources report that stop loss sell orders were triggered in the 94.40/45 area, accelerating the sell-off. Technical supports are now lined up at 93.65 and then quickly at 93.45.
As mentioned in an earlier USD/JPY commentary done by Jamie, the technical picture tends to be pointing to the possibility of a move to the 92.00 area.
