USDJPY’s fall from 114.36 extended to as low as 109.11. Near term resistance is at the top trend line of the price channel on its daily chart. As long as the channel resistance holds, the fall could be expected to continue, and next target is to test 108.13 support. However, the fall would possibly be correction of the uptrend from 108.13, a break of 112.12 key resistance could trigger another rise towards 120.00.
