As can be seen on the attached long term chart, USD/JPY is in a strong downtrend but the double bottom at 87.10 indicated an interim base. There is very strong resistance looming in the form of the 61.8% retracement of the 110.75/87.10 downmove which comes in at 101.70. The long term trendline is just above there at around 103.35. My preference is to fade shorts into this region looking fo a move back towards the double top neckline at 94.65.