Technicals can mean little when the BoJ goes on the intervention attack and threatens more but worth noting is the pause above the major 155.02 target (low 155.22) has slowed the move.
With no obvious resistance on the upside given the freefall, one level to watch is the 200 day mva (157.93), which the BoJ will likely prefer to keep trade below it.
Using FIBO retracements for 163.98-155.22 :
157.29 = 28.6%
158.57 = 38.2%
159.50 = 50%
160.53 = 61.8%
(AT daily chart)
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