USDJPY’s fall from 102.26 extended to as low as 101.44. Deeper decline to test 101.23 support is possible, as long as this level holds, the fall would possibly be correction of the uptrend from 101.23, one more rise to 103.50 area is still possible. On the downside, a breakdown below 101.23 will indicate that the longer term downtrend from 102.79 has resumed, then next target would be at 100.90 area.
