USDJPY is facing 108.24 support, a breakdown below this level will signal completion of the uptrend from 101.50, then deeper decline to 107.00 area could be seen. 
On the upside, as long as 108.24 support holds, the uptrend could be expected to resume, and next target would be at 112.00 area.
Editor’s Note: Equity investors/traders can use the Currency Shares Japanese Yen Trust (FXY, quote) ETF to take positions in the yen without a FOREX account.
The ETF looks to track the price of the Japanese Yen (USDJPY), minus ETF fee. The fund seeks to reflect the price of the Japanese yen (USDJPY) with the shares representing a cost-effective investment relative to investing in the FOREX market.
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