USDJPY recently reversed down with the daily Evening Star from the resistance area lying between the key resistance level 106.14 (former multiday resistance from September), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse (1) from June. Given the clear dally downtrend and the rising bullish yen sentiment seen across the currency markets today, USDJPY is likely to extend the losses toward the next support level 105.00 (low of the previous minor correction (b)).
