The bears are in full control still with USDJPY with another bearish day. USDJPY broke through support levels 108. and 107.30 with no sign of stopping. Next support level is 106.0 which could quite easily reach if the building permits data is bad later today. If the data is good we could see the bulls return to action and push price higher.
GBPJPY is currently trading in a descending wedge pattern and just the other JPY pairs is going lower each day with the Bears in full control. A break to top of the wedge and we could see a small rally to the next resistance level . Alternatively a break below could see the 147.50 support level being tested.
AUDJPY has been trading in a bearish trend for the last 4 weeks and has printed a possible head and shoulders pattern on the weekly timeframe. A break below the neckline will see a big move to the downside. Alternatively if we close above the neckline we could see the bulls take charge again and rally this pair out of the danger zone.