Big moves in the pair
The USDJPY has a 215 pip trading range today which is twice the 22 day average (is 106 pips).
The price action is certainly more whippy as well (compared to what we saw a week ago). Technically, the pair just tested trend line (at 119.50) and the 200 bar MA support on the 5 minute chart at 119.42. Above the 100 bar MA is at 119.64 was also just quickly breached but found sellers. Action is choppy as the stocks open up and try to settle.