The USDJPY pair is currently in a downward channel which could linger all the way till around August, at a low of 118.00, followed by an up move as a heavy support zone at that level would make the bears cautious and back away. Eager bulls would very quickly take over and set the dollar up against the cornered yen all the way up to 130.5. Trade carefully and have fun! :D
Not responsible for any trades based on the premise of this idea. Trade with caution.