Stocks lower, pressures the pair
The USDJPY is trading at session lows and tests the next down side target at the 112.50 level (See trend line in the chart below).
The pair in the Asian Pacific session, moved below the support area defined by the 200 hour MA, trend line and prior swing lows (floor) between 113.196 (see red horizontal line that defines bullish above/bearish below) and 113.32 (200 hour MA).
A final correction to that dividing line at 113.19 that held, convinced sellers the downside was the way to go. The move below the trend line now, will target the 112.15 level next. If there is a correction, the 112.690-73 should attract sellers, if they want to keep control. The 112.73 was the low in the Asian Pacific session.