The yen crosses are having a rough go of it.
USD/JPY is nearing bids at 102.50, which are said to be strong. Below 1.0240, we could hit another wave of sell stops in the third day of declines for the pair.
The bigger worries might be in EUR/JPY, which is flirting with last week’s low of 140.92. The low so far today is 140.98. There is minimal support below that level and it could be a quick trip lower on a break. The four-hour chart is showing a messy head & shoulders top.
