USDJPY remains in uptrend from 101.50, the fall from 109.45 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 110.00 area. Only a clear break below the trend line support will indicate that the uptrend had completed at 109.45 already, then deeper decline to 106.50 area could be seen.
Article by www.forexcycle.com