USDJPY is in consolidation for the downtrend from 113.75 (Dec 12, 2017 low). Sideways movement in a trading range between 105.54 and 107.90 would likely be seen over the next several days. As long as 107.90 resistance holds, another fall towards 103.00 is still possible and a breakdown below 105.54 support could signal resumption of the downtrend. Only a breakout of 107.90 resistance could signal completion of the downtrend.
