Dollar moving lower overall
The USDJPY is moving to a new session lows as a run to the downside of the USD helps to send the pair lower.
The USDJPY is testing the low from the 1st hour of trading today at 107.51. The low just reached 107.515. A move below will look toward the swing high from last week at 107.446. Below that and the 50% and upward sloping trend line at 107.31-335 would be targeted.
On the topside, if the high is in place, the 107.635 will be eyed as close resistance. That was the swing low from the early European session. The highs today at 107.79 and the high from yesterday at 107.879 are the upside targets. Just above those highs is the falling 100 day MA at 107.901.