Pull out of a 3-5yr chart. Massive H&S. I read posts on here trying to play from both side. Forget it, just park your money on the short side and go play a round of golf everyday for the next year. That's what I've been doing since September. Portfolio margined the hell out of my Interactive Broker account. I've literally parked $850k short the yen and the remaining $400k long SPY (as I think year-end rally is intact - so far correct) since September.
Not only is the yen technically extremely bearish, but fundamentals have all lined up against it. Rarely in this business, do you get a trade where all the stars align.
Japan will print to infinity. If their yield on their bond continue to rise, they will print even more to pay for their debt. Lose-lose situation for the Japanese yen. I can list another half dozen reason to be short the yen, but I'm sure its all been discussed before.