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USD/JPY eyeing 141 this morning

The noted breaks below support at 141.87 yesterday afternoon extended into the US close. The dollar fell to 141.55 ahead of that and later, after a modest bounce, ended the US session at 141.83. It has fallen back further today and so far come close to a test of the 141 handle. The repeated and noted failure to reclaim the 200 day moving average, at 142.93 earlier in the day was a root cause of the further demise, but this was mostly about the dollar and not the Yen. That is because the US currency has lost ground across the board since this time yesterday morning. The next point of interest from here on today would be the December 14 low at 140.97. If that gets taken out today, then the dollar could extend further on the downside. The range seen so far today has been covered by 141.03 to 141.83. The USD/JPY is currently trading at 141.04 
 

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