USDJPY’s downside movement from 110.48 extended to as low as 106.42, breaking below 107.31 (Sep 8, 2017 low) support. Further decline would likely be seen after a minor consolidation and next target would be at 105.00 area. Resistance is at the falling trend line on the 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.
