USDJPY fell below 107.21 previous low and reached as low as 106.57. Further fall towards 105.00 area is expected. Near term resistance is at 110.10, as long as this resistance holds, down trend will continue.
For long term analysis, USDJPY is in long term bearish movement, and further fall towards 101.65 (Jan 21, 2005 low) to reach the next cycle bottom on weekly chart is expected.
