USDJPY extended its downside movement from 112.22 to as low as 106.84. Further decline is still possible after a minor consolidation and next target would be at 106.50 area. Key resistance is located at the bearish trend line on the 4-hour chart, only break above the trend line resistance could signal completion of the downtrend.
![USDJPY 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2020/20200304_USDJPY_1.png)