USDJPY is trading on the lower bands of a long term 1W Channel Up (RSI = 58.323, MACD = 0.320, Highs/Lows = 0.1607, B/BP = 1.2460) and has significant upside potential. The latest 1D candle sequence is most likely the making of a Higher Low zone (Highs/Lows = 0.3471), so we are going long, TP = 1.13155 and 113.876 in extension.