USDJPY breaks below 90.92 previous low support and reaches as low as 88.53 level. Further fall is still possible to 87.00 zone. Initial resistance is now located at 93.90, only rise above this level will indicate that the fall from 100.54 has completed.
For long term analysis, USDJPY is in long term bearish movement. The price action from 90.92 is treated as consolidation to down trend. Further fall is expected to test 79.75 (1995 low) support.
