The pair has now switched to a on all TF's 4H and up.
There was also a fear of intervention from the BOJ, keep in mind, they have already attempted to surprise the market with a rate cut back in Jan - and failed.
Having said that, some 4H reversal candles appear near the previous high at channel retest. Analysis on smaller TF's suggest one more shot at highs in the 109.50 is possible. Targets have been set conservatively at 107, but this leg could get us to major support at 106.60
Breach of previous highs at 109.74 invalidates setup - good R:R from these levels