USDJPY remains in downtrend from 118.66 (Dec 15, 2016 high). Further decline could be expected after a minor consolidation and next target would be at 110.00 area. Near term resistance is at 113.95, only break above this level could trigger another rise to test 115.62 resistance.
![usdjpy chart](https://www.forexcycle.com/wp-content/uploads/2017/20170206_USDJPY_1.png)