USDJPY broke below 110.84 support and extended its downside movement from 113.38 to as low as 110.62. Further decline would likely be seen after a minor consolidation and next target would be at 109.50 area. Near term resistance is at the falling trend line on the 4-hour chart and the key resistance is at 111.87, only break above this level could signal completion of the downtrend.
