I would prefer to buy USD/JPY today and tomorrow untill 121.90 level, and then turn to sell at this level. It will be consolidate between 120.50-122.00 area before any further information from Japan Monetary policy for QQE.
As you can see, U/J is in a side way trend while the MACD is already divergence. It will remain consolidate at the range between 122.22-123.60 and once it break 122.22, a bear trend will start.