USD/JPY has broken minor support 117.40 (Dec 10th low) and this confirms that USD/JPY has formed temporary top around 121.84 and decline till 115.47 (50% Retracement of 105.19 and 121.84) cannot be ruled out. The pair’s minor support is around 116.80 and break of will target 116.20/115.44. USD/JPY is facing short term resistance around 118.16 (Tenkan-Sen) and break of would extend gain to 118.60 (Kijun –Sen)-67 (61.8% retracement of 119.54 and 117.28). Short term Trend Reversal-119.90 (Dec 9th high).