USDJPY in the long term trend its bullish due to monthly inverse head and shoulder which has formed but has'nt of yet broken the neckline. Daily we have a bearish channel and falling wedge which both price broke to the high which confirms bullish setups.
Currently price is in a retracement against the overall trend as we have a 2 H4 rising wedges which broke to the downside as pushing to complete the short term move to the downside as to setup long term setups.