(Note - Usually a weak US data and a drop in Fed rate hike bets results in risk-on reaction i.e. rise in JPY crosses.)
Hence, a retreat and daily close below 100.71 (50% of 2011 low – 2015 high) appears likely, in which case the pair could see a quick drop to 100.00 levels. On the , a key support comes around 98.60 levels.
On the higher side, only the day end close above 102.65 (Aug 8 high) would signal short-term invalidation.