Having said that, at the present time we are in a range where we do need to see the decision of FED with regard interest rate. If FED will raise interest raise, then mechanicaly, YEN will loose ground and we may see another way up towards 104.
On the other hand, if BoJ's bet to increase the growth through succeed, there might be a little situation in favor of JPY but it won't be a long lasting effect baring in mind that USD is stronger as a currency then JPY.
Technically speaking, MA50 is behaving as a .
shows clearly that we are about to come to an oversold level, i.e there is a room towards 100 but not more. Therefore the tricky part is the entry level rather then the direction.
Now we need to see ECB, FED and there future decisions that will be announced in the coming days.
I still think that we are at a short time Short and long Time LONG scenario.