A major US name seen behind the latest drop to 78.12, but there should be some strong demand now ahead of 78.00 from the earlier mentioned real money, semi -officials and swiss names before we head any lower.
The move also trigger a few sell stops in the EUR/JPY down through 101.50 to a fresh day’s low of 101.25.
USD/JPY’s presently at 78.17 with the cross around 101.30