A near 25 pip slide in the Nikkei sees USD/JPY fall to a new low since May at 101.24, though even as I type we’ve bounced back.
We opened below the 200 dma at 101.62 and prior support line at 101.42 and they will be the first lines of resistance.
USD/JPY daily chart 30 06 2014
The big downside level to watch is still 100.75
