No sooner had I typed about the levels, USDJPY has a run to 104.22
It looks like some stops were sitting just above 104.00 and they’ve been flushed now. We briefly moved back below but now we’re flip flopping over the level. While that might have cleared some sellers, there still looks like there’s plenty still willing to put up a fight. Expect to see stops around most of the S&R levels currently in play.