USD/JPY falls below technical support ahead of 146

Since the last update here noting the USD/JPY falling back from an earlier Asian high at 147.21, the dollar has now lost more ground. The USD/JPY has just this minute hit a session low at 145.76. The further fall below the 146 handle has also taken the leading Yen crosses lower with it and it could be that selling in the GBP/JPY and EUR/JPY is the driver. However, in truth that seems unlikely at this stage. The move lower in the dollar comes as the Nikkei 225 futures remain  slightly in positive territory. What the further fall in the dollar has delivered is a rebound back above $2,500 in Gold, but more on that one a little later this morning. The break below the 21 day moving average, around 146.11 has probably tripped some stops now and perhaps pushed some short-term momentum players into joining in on the push lower. The USD/JPY is just now trading at 145.80