Technically, USDJPY trading at interesting zone, 112-113 which are strong monthly , after USD news came out USDJPY keep going stronger, this could be fake pump by bigger player. Looking at DXY , current price is ranging from 95.7 - 93.6, I wanna see breakout to downside of 93.6 level before taking short position on USDJPY . Moreover USDJPY bigger timeframe shows that it is in downtrend from 2017, then correction happen in 2018.
To sum it up, I wanna see DXY failing at 93.6 level before taking a trade ! However if strong rejection candle shows at current monthly resistance i will likely to open aggresive trade towards 111.000 (swing trade)
This is my chart from last month and i got some piptalks from Superior4X !