This pair has been building a nice and steady bullish trendline on the short-term charts and if we can get a close above the daily Ichimoku cloud then we could see more USD/JPY shorts running for cover.
I’m not very objective in that I’m long and my target is 85.80 initially with potential for the 200-day MA at 87.90. The short-term trend will be in danger if the market breaks back below 82.40 imho.