I'm also paying attention to us 10 yr yields. If they continue to bounce then Usd/Jpy should benefit and bounce with it. Im long because there is a nice bullish butterfly on the 4hr chart at good structure with a double bottom and some good ratio confluence. Also this is an area the BOJ has been protecting and believe they will continue to do so. Although stopped out of my original entry at BE after banking 30 i have re-entered at 78.16 with stops below 76.14. TP1 is at 79.06, Tp 2 79.45 and T3 at 80.10
Don't follow me! You can and most likely will LOSE all your money!!!!