USDJPY’s downward move from 94.98 extended to as low as 81.72 level. Deeper decline towards 79.75 (1995 low) could be seen next week. Resistance is at the falling trend line from 94.98 to 85.92, as long as the trend line resistance holds, downtrend will continue.
For long term analysis, USDJPY remains in downtrend from 94.98, further decline towards 79.75 (1995 low) would more likely be seen.
