USDJPY extended its downside movement from 108.99 to as low as 107.20. Further decline is still possible in a couple of days and next target would be at 106.77 support. Near term resistance is at 107.70, above this level could trigger another rise towards 109.00.
![USDJPY 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2019/20190719_USDJPY_1.png)