Look for some additional profit taking against the key MA level.
The USDJPY has reached the 100 day MA target at 111.443. The high price just reached 111.438
I would expect the target would be a tough nut to crack on the first look. Look for selllers/profit takers against the level with a stop above. If the price can stay below the 200 day MA, a wander down toward the 38.2% at 111.19 and the Asian high at 111.18 would be the target (see the 5-minute chart below).
