A click, like one would normally think of it, is probaby pretty hard to hear when the bike is at speed and you decelerate.
When you decelerate the forks compress. So try holding the front brake and rocking the bike to simulate the forward thrust. Could be something inside the fork, maybe something is hitting the fender when they compress like the brake hose, maybe the caliper is loose and the forward thrust in concert with some drag from the pads makes it shift forward, etc.. Fender might have a broken brace and decel causes it to bang, although I'm doubtful about that happening only on decel.
Another possibility is your chain or maybe chains is better. When you decel you change the load on the chains so that the bottom strand is now tight and the slack moves to the top. The chain wants to fly upward due to inertia as it runs up and over the rear sprockets for both the primary and drive chains. So, the chain may be hitting inside the primary and I would expect that to sound like a click since the alum being hit makes a very sharp, but short sound. Or the rear chain might be hitting the chainguard. I would expect either of those to be loud enough to be heard at speed.
When you decel, you also remove load from the rear shocks, so a loose shock might make a clicking noise as you unload it. You might be able to test for that by bouncing up and down on the bike to see if you hear anything.
How about your handlebars. They are rubber mounted and if the iso mounts are loose, when you decel your weight on the bars pushes them forward. Try using fingertip light grip on the bars (that's what you should be doing all the time anyway) and see if it does it. Or when you test the front end in step 1 above, you'll be pushing on the bars and might repeat the noise then.
Last possibility I could imagine is just something loose enough to swing with changing momentum. Could be a floppy throttle cable or any cable that is long and not properly supported or tied to the bike. Could be your keys swinging when you decel. Are you one of those guys with a wad of keys or key fob hanging off your bike key?
I would try to make it "click" while riding at different speeds. See if it does it when going very slow. Or try backing off the throttle slowly and gentley to see if that makes it click with less perceived volume or not at all. If you can drill down to some of the variables that alter or eliminate the click, then you'll be able to narrow down what is actually making the noise.
Good luck and don't forget to report back so we all get a little smarter.
regards,
Rob