That’s my take on USD/JPY; the downside pressure is strong enough to warrant a test of 85.00 in coming weeks but the Sovereign interest will be strong enough to ensure a significant bounce then ensues. I expect that the BoJ and cronies will not want USD/JPY trading below important chart support levels. If cross pairings like EUR/JPY and AUD/JPY can start breaking above important resistance levels, this will also ease the downside pressure on USD/JPY and make the BoJ’s task a lot easier.