I hope you had been happily riding the wave down after the past two entries on the USDJPY.
Price has made considerable move downwards, and I can count 5 waves of some degree completed. This may be a good area to lock in some profits and let the prices ride. If it it extends, that puts extra cash into the account. But it is prudent to expect some correction after the 5 waves down.
Hourly Chart
Based on the post-triangle thrust measurement (see the vertical white line on the chart), price still have a ways to go. The 5 waves down may below to an extended wave 3, which means there’s a possible correction for a wave 4, and then for prices to move back down to complete wave 5. Either way, it is good to preserve capital over being greedy for gains.
