USDJPY trades to new session lows. Trades below 100 and 200 day MAs

50% retracement and lower trend line now eyed

The USDJPY is trading below the 100 and 200 day MAs at 111.756 and 111.807. The low traded to 111.677. Stay below the 111.807 level now and the sellers are more in control.

Looking at the 4-hour chart above, the price is also traded below the 200 bar MA on the 4-hour chart at 111.735. The next targets are at the 50% of the move up from the June 14th low. The 111.43 is the lower trend line. The 61.8% of the same move higher comes in at 110.963 (close enough to 111.00).

Key time for the pair.