• USD/JPY 55-DMA is set to fall below the 200 a death cross

• Bearish signal occurs at a point when further action to support yen likely

• Lower oil (Brent now $10 pb below Sep high) to support JPY

• Traders have slashed shorts lessening their restraint on a drop

• Main target for a drop if death cross confirmed is 147.97

• EUR/USD breaks below 100-WMA; 1.1283 Fibonacci support now key

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USDJPY

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)