The USD/JPY has fallen significantly on Friday to show signs of hesitation in its resumption of any type of uptrend. In fact, the market has plunged down to the 130 in level, an area that obviously is a large, round, psychologically significant figure, and an area that would attract quite a bit of attention from traders around the world. With, there is a lot of noise underneath that could also offer support, with the double bottom near the ¥127.50 level being an area that a lot of traders will have to pay close attention to. With all this being said, keep in mind that a lot of what is moving this market is going to ... (full story)