USDJPY stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 111.37. As long as the channel support holds, the upside move could be expected to continue and next target would be at 114.50 area. On the other side, a breakdown below the channel support would suggest that the upside movement had completed at 114.20 already, then deeper decline to 112.00 area could be seen.
