USDJPY pulled back sharply from 108.41 and broke below 106.56 support. The pair is now in down trend. Further fall is still possible to 105.00 area in a couple of days. Initial resistance is at 107.20, as long as this resistance holds, we’d expect down trend to continue.
http://blog.forexcycle.com/858/daily...s-jun-30-2008/