USDJPY is facing 110.95 resistance, a break of this level would indicate that the downtrend from 112.13 had completed at 109.70 already, then another rise to 112.00 area could be seen. On the downside, as long as 110.95 resistance holds, the rise from 109.70 could be treated as consolidation for the downtrend, further decline to 109.00 area is possible after the consolidation.
