USDJPY stays in the falling price channel and remains in downtrend from 101.43. As long as the channel resistance holds, we€™d expect the downtrend to resume and deeper decline is still possible to 97.00-97.50 area. On the other side, the pair might be forming a short term cycle bottom at 97.65 level on 4-hour chart. Key resistance is now at 99.74, above this level will indicate that the fall from 101.43 has completed.