Long term channel holds for now, longs until 130

FX:USDJPY   U.S. Dollar / Japanese Yen
See the graph for some more detail. The idea is valid while the channel holds, however if it breaks down I would be revaluating entry points to go long, unless Abe changes the rhetoric, which is unlikely at the moment.

Look for technicals on short time frame to enter the trade.

Trade responsibly