Bigger picture, the advance from 95.72 is in 3 waves (corrective). Friday, the USDJPY broke below the trendline that had contained price since the March low at 95.72.
The gap open this week leaves the pair above the line now but 109.17 remains the line in the sand for bears. The 200 day SMA is warning of a longer term trend change higher though as the slope has flattened out.
