USDJPY recently reversed down from the resistance area lying between the key resistance level 112.000 (which has been repeatedly reversing this currency pair from the start of 2019), resistance trendline of the multi-year down channel from 2017 and the upper weekly Bollinger Band. Given the clear downtrend on the weekly USDJPY charts and the moderately bullish Japanese Yen sentiment seen across the markets today – the pair is likely to fall down further toward the next support level 107.500 (former monthly low from January).