Alert! Alert!
USD/JPY has fallen back below the 83.00, reaching 82.96 so far. This will put the authorities in Tokyo on alert as we approach the 82.87 lows from September 15. Traders will be reluctant to hold shorts for long below 83.00 so expect USD/JPY to bob like a beach ball to the surface a few times before a major test of the lows unfolds.