USDJPY is testing 117.23 support, as long as this level holds, the fall from 121.84 could be treated as consolidation of the uptrend from 105.32 (Oct 15 low). Sideways movement in a range between 117.23 and 121.84 would likely be seen over the next several days, and another rise towards 125.00 is still possible after consolidation. On the downside, a breakdown below 117.23 support will indicate that the uptrend had completed at 121.84 already, then deeper decline to 116.00 area could be seen.
