There is a long term Fractal that may be playing out now that we have a monthly breakdown on USDJPY. USDJPY Monthly Breakdown. Here is the Monthly chart:
I am waiting for equity indicators to reset before I hit anything risk off here. However, I am going to be watching this for an entry into a position that I can harvest, set a stop, and see if it gets its 72 target in December 2012ish.
There is always a bull path and a bear path. We cannot know which path our future will choose. As always, do your own due diligence, read the disclaimer, and make your own investment decisions.
Peace, Om,
SoulJester