USD/JPY breaks the double bottom
Yen strength is the story of the day after the BOJ moves. After a bounce for European trading, the slump has restarted.
Note that today's drop comes after four days of USD/JPY gains so we're right back to the middle of the range.
In the bigger picture, USD/JPY continues to consolidate but looks to be setting up for a big move.
The 100-day moving average is a level to watch at 112.19.
