USD/JPY breaks last week's low of 117.30 to target 116.85/81 then 116.65. There is no decent support today until August lows at 116.46. A break below here however is obviously negative therefore and could target January 2015 lows at 115.82.
First resistance at 119.35/39 then 117.67/71 could hold a rally. Further gains meet a selling opportunity at 118.30/34. Shorts need stops above 118.55.