USDJPY remains in the downtrend from 114.54, the bounce from 105.05 is likely consolidation for the downtrend. Range trading between 106.00 and 110.00 is possible in a couple of weeks. As long as 110.00 resistance holds, the downtrend could be expected to resume and one more fall towards 105.00 could be expected after the consolidation.
![USDJPY daily chart](https://www.forexcycle.com/wp-content/uploads/2019/20190113_USDJPY_1.png)