USDJPY under bearish pressure after the price broke through the support area located between the key support level 110.000, sharp upward-sloping support trendline from February and the 38.2% Fibonacci correction of the previous upward impulse wave (i) from the end of March – which accelerated the active minor correction (ii). Given the strongly bullish yen sentiment seen across the currency markets today – USDJPY currency pair can be expected to fall further toward the next support level 108.500 (low of the previous minor correction 4 from March and the target price for the completion of the active minor correction (ii)).