The cases for being short USD and/or JPY are too strong and too similar in my opinion so I’m avoiding this pair. The break below the trend-line support at 101.90 is certainly a bearish technical event but with the strong up-trend in place, it’s probably just a flattening out of the uptrend. We could easily fall to 98 or rise to 104 and nothing would change in my view.
Short-term bias bearish but medium-term bias still bullish.