Forex technical analysis: USDJPY continues to step lower

Tests trend line support
The USDJPY has moved 142 pips in in the first 4 hours and 15 minutes of the trading day. That is equal to the 22 day ATR for the pair.  The week is off to a smoking start and it for the most part all to the downside. In fact the close from Friday at 113.20 is well below the high from the new trading day at 112.96.