Falling below trend line
The USDJPY is making new session lows and in the process has moved below a trend line support level at 110.25 (see chart below). We are getting a bounce back above the line now. The Conference Board Consumer confidence is due at the top of the hour (114.0 est). The Richmond Fed will also be released. It is coming out at 22 vs 15 est. now. Data should give a bias for the pair.
