Similar to USD/CHF, another major support level has held firm in USD/JPY overnight. The spike low overnight was 93.52, which is almost exactly on the bullish trendline drawn from the 87.10 low and just above the 50% retracement (of 87.10/99.60) at 93.42 and the 100-day MA at 93.38. This is a very strong level.
