I have called for long USDJPY several times last week. And the arguments are still valid.
abc correction complete.
price bounced impulsively from multiple wave support around 118.20.
upper channel break
weekly close above 121.316, wave ((B)) top
I think USDJPY will go sky high from here, minimum target is 122.36, next is 123.69, might go as high as 127.189 if the bullish trend since 2012 resumes.
This is a trending market at the moment, just enter at market price and see it fly.
by the way, will BOJ surprise the market with more stimulus? God knows.