USDJPY price has been trading lower since the BOJ intervention.
The current ichimoku indicators showed some opportunity for mid-term using 8 hour period charting.
Tenkan-sen is about to cut above the Jikun-sen. The whole set up likely to take place while under the kumo cloud. While it maybe early to establish the position, the risk involved for the stop loss associated is also relatively lower compared to when the trend has developed.
Looking forward, it is likely BOJ would want a weaker Yen instead of a stronger Yen for Japan economy recovery.
Will have to see how it will turn out.
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