There is in my opinion a holding pattern going on in USDJPY, as this pair has been used to prop up everything. However, looking at volume of Yen futures ( CME ), we can see that selling pressure is building up in this pair. Don`t be disappointed that it didn`t drop further, another opportunity will come soon. At the moment we have low volume Xmas, and everything is being held up artificially. Real moves will come after the holidays.