USD/JPY short for 300 pips

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
We have a swing Failure at a key weekly level. USD/JPY has been stuck in this range and we had a fake out at the end of last week so I see prices going lower. I am looking for shorts down to 111.70 for 1:4.8 risk/reward. FOMC is tomorrow so we will have to monitor this trade through that