The USDJPY has continued the fall as the stocks has tumbled. The Dow is down 200, S&P down 21, Nasdaq down 46 points .
Looking at the daily chart, the pair is also below trend line support the 118.75level.
USDJPY price has fallen below trend line support as dollar selling continues.
On the hourly chart, the pair fell below 118.85 in the process. The high today tried to get above the 200 hour MA and trend line resistance. That was not meant to be. The subsequent fall back below the 100 hour MA, started the further unravel to the downside for the pair.
USDJPY hourly chart.