What took all morning has been undone in minutes
From lofty highs of 116.12 we're now heading back to the lows.
USDJPY 30m chart
This morning's lows correspond with the late Friday lows and if we fail there, then we're on for a test of 115.00. Should that break too we've support next around 114.70/80 and 114.40/50. 115.60 is the main resistance now but that might shift down so sub 115.50 if this move continues.
The knock on effect is seeing the 1.0630 level in EURUSD being tested too.
