USDJPY extended its downside movement from 109.28 to as low as 107.88, breaking below 108.25 support. Further decline is still possible after a minor consolidation and next target would be at 107.50 area. Near term resistance is at 108.35, as long as this level holds, the downtrend will continue.
![USDJPY 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2019/20191101_USDJPY_1.png)