USD/JPY hits a fresh session low

USD/JPY can't even catch a break on a holiday. This is the fifth day in a row of losses for the struggling US dollar against the yen.

The drop today cut through the November low of 110.84 and the selling has extended another 50 pips down to 110.34.

There isn't much support until down at the September low of 107.50 and there is an increasingly ugly-looking head and shoulders pattern.