USDJPY: We are heading down... 90's 80's and even 70's possible!

FX:USDJPY   U.S. Dollar / Japanese Yen
1195 4 40
The pair couldn't break out of the current down channel it is in as we have expected earlier on and now it's looking more likely that this channel is not complete and even we may get a break below the channel for more downside as the overall fundamentals are driving this pair down like crazy unless BOJ is able to do something that can stop the appreciation of the JPY which may need some more muscle provided the uncertainty in the global markets and JPY being a safe haven.

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You're not worried about central banks intervening in the markets? So far both times price tried to break 100 it was strongly rejected.
Of course you can't afford to overlook it but we have seen BOJ try several times and fail, obviously this market needs more solid intervention than currently expected or done, let's see.
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