FX:USDJPY   U.S. Dollar / Japanese Yen
Who would dare buy the USD and sell the yen.

I would.

Monthly trend is down but price is at a large monthly DZ, not an area to be going short.
Price is also at weekly demand
then price gave evidence of over-extension with 3 continuation patterns in a row followed by the break of the MoM Trendline , leaving behind, a Demand zone

I would dare to buy the USD up to around 110 as first target and then 111 as second target
Agree
Reply
@stalin, I agree, ultimately price is likely to to the price level you point out. I am however speaking of more shorter term than longer term. by this I mean a week or so.

best wishes
Reply
Short to the 106 is more likely
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