• USD/JPY reversed early gains to slip below 104 handle after reports of a powerful earthquake off Japan's West coast.
   
• The pair slumped from highs of 104.13 to hit 103.75 and has since stalled downside after Japan Meteorological Agency ruled out tsunami threat.
   
• Daily Techs are inconclusive for now, consolidation likely at current levels for some time, bias still remains for the upside.
   
• Pair finds stiff resistance at 104.65, break above could see resumption of upside.
   
• Sustained weakness below 103.75-70 could see drag towards 102.83 (20-DMA support).
   
• Major support levels - 103.80 (5-DMA), 103.17 (double bottom Oct 11, 19), 103, 102.83 (20-DMA)
   
• Major resistance levels - 104.32 (Sept 2 high), 104.65 (trendline), 105