USDJPY broke below 76.29 previous low, suggesting that the pair remains in downtrend from 85.51. However, lengthier consolidation of downtrend is still possible in a couple of week, and one more rise to 79.00 area to reach next cycle top on daily chart would likely be seen.
For long term analysis, USDJPY is in downtrend from 124.16 (2007 high). Further fall towards 70.00 could be expected in next several weeks.
