Yen has been continuing its slide overnight after yesterday's buying in US session proved to be just a decent selling opportunity. It broke below 122.00 to return back to the December 2014 - May 2015 range.

The next cluster of support levels comes in around 121.00 (100 DMA, Weekly Support 2, Monthly Support 1, 00's) and is backed with the historical resistance (also April range top) near 120.80. Broken 122.00 level shall now act as a solid resistance.

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