As expected yesterday; The USDJPY market posture is Sideways negative still. A close under 104.34 projects to 104.00 - 103.57. Any near term rebounds will find resistance at 104.92. A close over 105.26 (SAR) is needed to recapture bottoming / bullish trade action.

R2        104.92
R1        104.64

 
S1        104.18
S2        103.90