USDJPY got multiple rejections from daily resistance zone 111.70-112.0 since 4th of March this year. Note that this daily resistance lies between 1.272 & 1.41 Fibionacci Extention. The RSI signalled "over sold" too on 4th March. The pair tried once more to break the reistance but failed on 15th March. Sell target seems to be 0.38% of Fib Retracement tool which is at about 109.30, but since the daily support after 110.0 is 108.50, so the pair is likely to go further down and hit the daily support of 108.50 wihich is also 0.50% of Fib Retracement tool.