USDJPY’s downside movement from 108.53 extended to as low as 107.53. Further decline could be expected after a minor consolidation and next target would be at 107.00 area. Resistance is at 108.00, only break above this level could trigger another rise towards 109.00.
![USDJPY 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2019/20190705_USDJPY_1.png)