This is not a pair I trade at all but I’m thinking that the recent Yen selling is looking a lot over-stretched so it’s a matter of which cross pair the contrarian wants to look at. Perhaps the CHF might be a good currency to short, the roll on this trade must be pretty flat and with real money starting to sell the CHF, surely it might be worth a look.
I’m not able to check my charts at the moment but some of you excellent technical analysts might be able to find a good entry level on the 4-hr chart?