USDJPY recovered to 78.50/60 area which was expected within wave four pull-back that is now showing signs of completed contra-trend movement. Do not forget that larger trend on USDJPY is still down, and that any short-term bounces within this decline represent only temporary reversals. As such, downtrend continuation from here is expected for a fall into wave 5) targets seen at 77.10-77.50 in this week.