USDJPY is facing 75.96 key support, a breakdown below this level will signal resumption of downtrend from 85.51, then deeper decline towards 0.7000 could be seen. Resistance is at 0.7700, only break above this level could indicate that lengthier sideways consolidation of downtrend is underway.
For long term analysis, USDJPY is in downtrend from 124.16 (2007 high). Further fall towards 70.00 could be expected after consolidation.
