1) 1st look at on bottom of chart--- it has went below 50 level which this pair has not done since 2013 .
2) Averages of both of USDJPY 1 M major lows in 1999 & 2005 is 101.470-- price now is 109.593 & has been dropping since late last year and continuing this year, so far. I believe will go to around 101.500 at least level.
3) indicator says: price action this month has retracted upwards, right above a .The line 9 (light blue line) has turned corner & appears to be crossing line 26 (purple line) soon. Cloud noted below PA, did a cloud twist or Kumo Twist in 6/15/15 foretell that Bulls would be losing control & Bears would take over.
4) Noted 50 (black) & 200 ( gold ) need to be watched closely to see if 200 crosses over 50 , this would be MAJOR sign of pair continuing downwards. Another name for this is death cross, which means time.
Yes, big picture is , BUT for trading purposes you would have to consult time frame of your TRADE for what is going on short term for the USDJPY pair at a given time. Wishing all the best in trading- trade with TREND!!!