DislikedAnyone still bullish on UJ with me, i think it must touch 119-120 before bearish.Ignored
As it stands, overall bias is bullish, but intraday bias indicators seem to lean towards a movement to the lower regions, with the initial vital testing support at 117.50 & 117. You should also check out the other yen pairs, ESPECIALLY the GBP/JPY. Often, the GBP/JPY is merely a more "bigger" version of the USD/JPY, moving in the same pattern but with a higher trading range.
From what I can see, bulls have repeatedly tried to move up, but each time, they kept getting knocked down. A very memorable case is when the GBP/JPY bounced right back up after nearly touching the 176.00/.20 support (117.5 for USD/JPY). You have to keep in mind that the bulls and bears fought over at the 50% of the bounce zone, and when the bulls did somehow bring it up late into the Friday session (which is rare since nearly all of Friday's chart movements taper off after the initial few hours), it fell right down back to the 50% zone and started to edge lower near the end of the trading day.
So based on Friday, I'm slightly leaning towards bears. However, weekends are in play, this may change when the market opens on Sunday.
My current stance is to sit tight and wait for a more actionable moment. Or you could take a small short during the first few minutes/hour of the market opening on Sunday. Just make sure your losses are all manageable.