USDJPY moves to and below the lower trend line as the dollar gets beat up

Falls below 38.2 and trend line.

The USDJPY has also been hit over the last few minutes. The price moved below the 38.2% at 112.634 (close risk now) and also peaked below a lower trend line at 112.50. Stay below the 112.634 on the rebound will make holding the trend line more difficult now. Sellers are trying to make the next push with the 112.29 the 50% of the move up, as the next downside target on continued weakness.