USDJPY falls below the 50% midpoint of the 2021 trading range

50% retracement of the range for the year comes in at 103.489
The USDJPY is trading to a new session low and in the process, has moved back below the 50% retracement of the 2021 trading range at 103.489. The pair is also dipping below the low from yesterday (and trading to the lowest level since January 7) at 103.44.