USD/JPY fell back to the 82.00 area, a level near where Japanese institutional investor (and BOJ proxy) Kampo has been a rumored buyer on every dip. Expect them to be around down to about the 81.85 level. Below that level, stop-loss selling is seen.
USD/JPY trades quietly around 82.08 now after being hammered by selling linked to EUR/JPY long liquidation.