USDJPY remains in downtrend from 94.98 and the fall extended to as low as 80.84 level. Resistance is at 82.00 followed by the falling trend line from 94.98 to 85.92, as long as the trend line resistance holds, downtrend is expected to continue and further decline towards 79.75 (1995 low) is expected, only a clear break above the trend line resistance could indicate that the fall from 94.98 is complete.
For long term analysis, USDJPY remains in downtrend from 94.98, further decline towards 79.75 (1995 low) would more likely be seen.
