USDJPY broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the uptrend from 112.30 had completed at 114.03 already. The pair is now in downtrend, further decline could be expected and next target would be at 112.60 area. Near term resistance is at 113.60, only a break of this level could trigger another rise towards 114.00.
