Originally Posted by ptaczek

Hmm for U/J I would wait for break of a descending trendline drawn on Daily chart - it still has about 500pips space to drop to nearby support (check the monthly chart). As you can see from the article above, the USD is still generally weak and if the outlook for JPY is also sceptical it will be a fight between two dropping currencies. So waiting is better trading strategy for me right now :) But hey, you can still trade the shorter timeframes using technicals ;)