USDJPY is facing 108.13 support once again. A breakdown below this level will indicate that the downtrend from 118.66 has resumed, then the following bearish movement could bring price to 105.00 area. On the upside, as long as 108.13 support holds, the sideways movement in the trading range between 108.13 and 115.50 could be expected to continue and a break above 111.00 resistance could trigger another rise to retest 115.50 resistance.
