USDJPY failed to break below 101.20 support and rebounded to as high as 102.68. However, the rise is likely correction of the downtrend from 103.76, another fall to re-test 101.20 support is still possible, a breakdown below this level will target 98.00 area.
![usdjpy chart](https://www.forexcycle.com/wp-content/uploads/2014/20140320_usdjpy_1.png)