The USD/JPY continued its slight selloff despite a late session rally in U. S. equities. We still don't feel the present pullback in the USD/JPY is backbreaking, yet.
The currency pair has our 2nd tier uptrend line to rely on for the time being. However, as we stated before, the uptrend is extremely young compared to the downtrend, giving the downside precedence.
On the other hand, everybody knew the crucial 100 level would be a tedious obstacle to overcome. We continue to witness a battle of the economies.