FXstreet.com (Sydney) - The USD/JPY continues to fall and is below 87.00. The pair has fallen steadily but dropped sharply to post an intraday low of 85.84. The pair is considered slightly bearish and finds support at 85.77 and resistance at 86.51.
The dollar had fallen dramatically against the yen, however Japanese authorities are reluctant to intervene. There are speculations that the pair may yet fall to 85.00 while the government awaits to determine if current moves were abnormal.