USDJPY broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 108.16 (Jul 1 high) had completed at 104.18 already. Further rally could be expected in the coming days and next target would be at 108.00 area. Support is located at the rising trend line on the 4-hour chart, a breakdown below the trend line support could bring the price back towards 105.00.
