Still slipping. says TJ Marta, analyst at Marta on the markets, USD/JPY is down overnight and has tested a new low since mid-Dec. Furthermore, the slow stochastics continue lower, suggesting continued further retracement. Resistance lies at 93.77 (Jan8 high). Support lies at 90.32 (Jan19 low), The correlation of USD/JPY with the USD index, US 10yr yield and the US-JP 10yr spread remain significant.