USDJPY failed in its attempt to break below 111.65 support and rebounded from 111.88. However, as long as the price is below the bearish trend line on the 4-hour chart, another fall to test 111.65 support is still possible. A breakdown below this level could take price to 111.00, followed by 109.50. On the upside, a clear break above the trend line resistance will indicate that the downside movement from 114.73 had completed at 111.88 already, then next target would be at 113.90.
