USDJPY’s downside movement from 113.75 extended to as low as 108.28. Deeper decline to test 107.31 support could be expected next week. A breakdown below this level could trigger further downside movement to 105.00 area. Resistance is at 110.50, only a break of this level will suggest that the downside movement is complete, then another rise towards 115.50 resistance could be seen.
