Yesterday's selloff from 107.47 on active cross buying in yen following the Fed's 50 basis point rate cut signals the decline from 107.90 has resumed and a re-test of previous support at 106.00 is seen after consolidation, below would extend weakness to 105.60/70 but oversold condition should keep price above last week's low at 104.95.  
On the upside, above 107.00/10 would prolong choppy trading and risk a rebound towards yesterday's high at 107.47.