Even though the chart is a little ugly and not showing any solid patterns just yet but lets have a quick look at the nature of the price acction.

Clearly we can See from the 16 December 2020 price has been in an uptrend, and all the EMA's are inline. 

That is why the opposing YEN pairs are getting weaker because the USD is getting strong and the YEN is trying to get stronger. 

If the price breaks below 108.96 then we could see a change in the tide and it might turn around. 

But while the USD strengthening note continues to play then we would more than likely see this pair increase in price. ALTHOUGH, if FEAR cripples the market again which it inveitably will in due time, I would anticiapte this pair to fall. 

Bit of an Ugly Chart - LONG USDJPY?

Jul 19 2021