Technical analysis:
USD/JPY has been trading sideways this morning but I see potential for the downside continuation since there is lack of buying power.
Due to the lack of buyers and strong short-term downside condition, I see potential for the further drop towards 137.40
Downside objective is set at the price of 137.40
MACD oscillator is showing fresh downside momentum and lack of buyers, which is good sign for teh further downside movement.
Key resistance is set at the price of 139.10
