USDJPY stays in a falling price channel on its 4-hour chart and remains in the downtrend from 111.39. As long as the channel resistance holds, the bounce from 108.11 could be treated as consolidation for the downtrend and further decline to 107.000 area is possible after the consolidation. The key resistance is at 109.10, only a break of this level could signal completion of the downtrend.
