USDJPY continued its downward movement from 110.08 and the fall extended to as low as 106.75. Key resistance is at 108.20, as long as this level holds, further decline could be expected, and next target would be at 106.00 area. On the upside, a break above 108.20 resistance will indicate that the downtrend is complete, then the following upward movement could bring price back to test 110.08 resistance.
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