USDJPY failed to break above 115.62 resistance, indicating that the pair remains in downtrend from 118.66 (Dec 15, 2016 high), and the price action from 112.56 could be treated as consolidation of the downtrend. Further decline would likely be seen in a couple of days, and next target would be at 110.00 area. Key resistance is at 115.62, only break above this level could signal completion of the downtrend.
