The 100 day MA is at 110.937 area
The USDJPY has now fallen below its 38.2% retracement at the 111.007 and the 100 day MA at 110.937. The bears are making a bigger play below the levels (risk of for shorts now - give a few pips above the 111.00 level).
The next target is the 50% of the move up from the March 25 low at 110.757. Below that, a lower trend line at 110.63 will be eyed.
See earlier post HERE.