No real news
The USDJPY is spiking higher. There is no special reason that I can see fundamentally. Technically, the pair bottomed against the 100 bar MA on the intraday 5-minute chart (see blue line in the chart below). The highs for the day were also taken out which attracted buyers/stops.
The pair is testing the 38.2% of the move lower yesterday. That level comes in at 101.497. That level was also a stall level during yesterdays tumble lower.
