USD/JPY first support at 123.34/30 but below here targets better support at 123.10/05 for some profit taking on shorts. If we continue lower look for a buying opportunity at 122.90/85. A good chance of a low for the day but longs need stops below 122.70.
Our shorts need stops above 123.75. A break higher is a buy signal targeting 124.15 then 124.45/50. A break above 124.60 signals a move towards 125.00/05.