USDJPY is currently undergoing a correction meaning it could soon be time to start looking for a new long opportunity with a favourable risk to reward to ratio. My guess is that we will see price retrace at least 50% to the 50 SMA @ ~111.875, from here I will start looking for a long setup with targets @ 114.6 and 117 and a stop below the 100 SMA @ 111.2