Not only on Aud/Jpy but you can see this kind of setup on many other JPY pairs: a flag type distribution/re-accumulation.
My point of view is the increasing in value of Jpy on daily timesframe, and I believe it's gonna be a big move. US30 closed its week yesterday with a huge red drop.
I long JPY through its pairs with Aud and Nzd, and a small position on Gbp also.