USDJPY stays below a downtrend line from 94.98 to 85.92 and remains in downtrend, and the fall from 94.98 extended to as low as 80.88 level. Initial resistance is at 82.50, as long as this level holds, downtrend could be expected to continue and target is at 79.75 (1995 low). However, a break above 82.50 resistance will indicate that consolidation of downtrend is underway, then further rally towards the trend line could be seen.
For long term analysis, USDJPY remains in downtrend from 94.98, further decline towards 79.75 (1995 low) would more likely be seen.
