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LOWER END OF CURRENT DOWNWARD CHANNEL

FX:USDJPY   U.S. Dollar/Japanese Yen
170 0 0
IF YOUR JUST GETTING SHORT NOW, WATCH OUT!
POSS BOUNCE, BUT UNLIKELY.
BREAK OF CHANNEL TO THE DOWNSIDE ACCELERATES THE MOVE LOWER.

REASON BEHIND THE CURRENT JPY STRENGTH IS THAT JAPAN PLANS TO CUT THE PRIMARY DEFICIT, TO STOP POTENTIALLY FATAL SPIKE IN JGB YIELDS.
STUDY: http://the-japan-news.com/news/article/0000432692

LOOKING FORWARD, BOJ DISAPPOINTMENT TOMO COULD SEND IT LOWER.
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