Look for some additional profit taking against the key MA level.
The USDJPY has reached the 100 day MA target at 111.443. The high price just reached 111.438 (see earlier post outlining the target at 111.38-44).
I would expect the target would be a tough nut to crack on the first look. Look for selllers/profit takers against the level with a stop above. If the price can stay below the 200 day MA, a wander down toward the 38.2% at 111.19 and the Asian high at 111.18 would be the target (see the 5-minute chart below).
