USDJPY is facing 111.59 support, a breakdown below this level will confirm that the downtrend from 118.66 (Dec 15, 2016 high) has resumed, then further decline to 111.00 area could be seen. Near term resistance is located at the downward trend line on 4-hours chart, only a clear break above the trend line resistance will indicate that lengthier consolidation for the downtrend from 118.66 is underway, then 115.62 key resistance will be tested.
