USD/JPY has been losing ground Monday in Asia trade, plunging towards 132.00

The selling of USD/JPY that began after last week's FOMC rate hike has continued again today in Asia trade to kick the new week and month off.

Its making a new post-FOMC low close to the 132.00 level. Its at its lowest now since the middle of June.

I mentioned a first possible support level Support Level A trading support or support level represents a given price that acts as a temporary barrier for an asset. In particular, this level ensures an asset’s price will not fall below it or will encounter difficulty in doing so.All assets can utilize supports, be it forex, equities, commodities, etc. A given asset's support level is created by buyers that enter the market whenever the asset falls to a lower price. Basic support levels can be calculated and charted by identifying the lowest lows for a A trading support or support level represents a given price that acts as a temporary barrier for an asset. In particular, this level ensures an asset’s price will not fall below it or will encounter difficulty in doing so.All assets can utilize supports, be it forex, equities, commodities, etc. A given asset's support level is created by buyers that enter the market whenever the asset falls to a lower price. Basic support levels can be calculated and charted by identifying the lowest lows for a Read this Term for the pair back on Friday:

• I am not seeing much potential chart support for it ahead of .... 132.00

And, here we are ... I have inserted a wee arrow on what I was eyeing. It doesn't look like a solid wall, but it might provide an area where we will see some work being done: