After an initial bullish reaction to US data yesterday, USD/JPY fell further from this week's high of 102.36 to make a week's low at 101.35. (usdjpy 4h chart) The 4H chart shows the pair reaching a previous support area at 101.20-101.31. Here we are again. Will this support hold again?The daily chart shows that below the 101.20 support, the 2014-low was a spike down to 100.75. (usdjpy daily chart)A break below that should extend the bearish correction at least with the 100, psychological level in sight as well as a rising trendline that comes up from April 2013's low of 92.60.At this point a break above this week's high at 102.36 will be needed to bring the 103 handle in sight. For now, the 103 level and a falling trendline is holding back the bullish outlook and keeping the market neutral.