Anyways few angles and bigger picture on various time frames. Initial supp fairly in that likely be a breakout spot for more follow through; else retrace be kicking in soon..
JPY became a beasty indeed.. Think done its supp for now.. More follow thru would be a breakout for more dips on it..
USDJPY 4 hr -
USDJPY Daily - Take out the noises..
USDJPY Weekly - Again bigger picture; this clearly shows it wants lower...
BOJ and intervention the only threat.. Else it's got no business been above 107 handle for now..
USDJPY Monthly - Hence why 103-104 should get tested from here onward as a higher probability clause..
Oh the Monthly charts is well purely minus the noises and straight forward hints 103-104 should get a test and well if goes beyond; we hitting 90 zone or around in coming months or so...
It's rt on to channel supp... If this decides for some retrace GJ likely to hold 155 or around and a bounce.. Else well this looks hungry for more drop..