USDJPY’s bearish trend extended to as low as 80.38 level. Key resistance is now at 81.98, as long as this level holds, downtrend is expected to continue and further decline towards 79.75 (1995 low) is expected, only break above 81.98 could suggest 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.
