USD/JPY’s fall from 114.73 had completed at 110.84 already. A further rise to test 115.50 resistance would likely be seen in a couple of weeks.

A breakout of this level will confirm that the long term uptrend from 98.97 (Jun 24, 2016 low) has resumed, then next target would be at 118.66 (Dec 15, 2016 high). Support levels are at 111.95 and 110.84, only a break below these levels could trigger another fall to the 109.50 area.