The USD is sharply to the downside led by the USDJPY on possible intervention. The USDJPY has fallen -2.5% with th price falling below its 100 day moving average for the 1st time since mid-May at 160.059, and testing it 200 day moving average at 157.887. Price action remains very volatile. The other major currencies including the EUR, GBP and CHF has also seen USD selling against them (currencies are all higher). In a video above I take a look at the technicals driving each of those currency pairs. Buckle up. Markets are moving. This article was written by Greg Michalowski at investinglive.com.