USDJPY yesterday was once again rejected at the 2022 peak at around 151.94. A minor setback could be seen possibly down to around 150 before another attempt.
If USDJPY breaks below 148.80 a larger correction is likely. RSI divergence shows that the uptrend is weakening. This divergence needs to be traded out and can be done in two ways; either a higher close above 152 or a correction likely below 148.80
However, a USDJPY close above 152 could lead to a swift rally to the 1.618 projection at 153.28 but not unlikely a bullish move to the 2.0 projection at 154.25