USDJPY stays within a downward price channel on 4-hour chart, and remains in downtrend from 96.70. Key resistance is located at the upper line of the channel. As long as the channel resistance holds, the rise from 93.53 could be treated as consolidation of the downtrend, and one more fall to 92.00 – 93.00 area is still possible after consolidation. On the upside, a clear break above the channel resistance will indicate that the downtrend from 96.70 had completed at 93.53 already, then the following upward movement could bring price to 100.00 zone.
