At this time yesterday, USD/JPY was testing 102.00
USD/JPY has taken out the worst levels of Asian trading but it's reluctant to break 101.00 at the moment. The low so far is 101.00.
On the break of the big figure yesterday, the decline quickly extended 20 pips down to 101.80 and then consolidated for the remainder of the day.
The move is part of a second day of US dollar weakness as the market gives back the non-farm payrolls moves.
Technically, last week's low of 100.66 is the last solid line of defense against 100.00.
