USDJPY broke below 75.96 support, and reached as low as 75.65, suggesting that the downtrend from 85.51 has resumed. Key resistance is at 77.85, as long as this level holds, downtrend could be expected to continue, and next target would be at 74.00-75.00 area, only break above 77.85 could indicate that the fall from 85.51 is complete.
For long term analysis, USDJPY is in downtrend from 124.16 (2007 high). Further fall towards 70.00 could be expected.
