The next decent support isn't until the low 110's
Things are hotting up in both the yen and dollar.
USDJPY cracking under 111.00 could be a bad signal as I don't see a lot of tech support until 110.25, and even that's minor support from 22nd Nov.
USDJPY H4 chart
Stronger looking support comes in around 110.00, the 50.0 fib of the Nov swing at 109.91 and an additional S&R level at 1.0975.
Be prepared to hear the intervention talk ramping up but remember that Japan's MOF is looking for big volatile moves, not slow drawn out, natural market moves. Think 500 pips in a session, not over the course of a week.
111.00 will be fresh resistance on a move back up from here.
