USDJPY - while below the trend line resistance from the 103.75 highs at 100.80 the risk remains for a move lower, having moved back below 99.80 yesterday we could well see a fall towards the cloud support at 98.22. Intraday resistance on any pullbacks could well come in at 99.80, while only a move above 101.00 changes the outlook and retargets the highs this year at 103.75 and then 105.80.