USDJPY’s fall from 84.17 extends to as low as 81.32. Further decline is still possible next week, and next target would be at 80.00 area. Resistance is at 82.70, as long as this level holds, the downward movement will continue.
For long term analysis, USDJPY may be forming a cycle top at 84.17 on weekly chart. Pullback to 78.00 area would likely be seen over the next several weeks.
