USDJPY is moving towards 92.32 key resistance, a breakout of this level will confirm that the long term downtrend from 101.43 has completed at 84.82 already. However, next cycle top on daily chart is nearing, minor consolidation is possible before breaking above 9232 level.
For long term analysis, USDJPY is forming a cycle bottom at 84.82 level on weekly chart, key resistance is at 92.32, above this level will confirm the cycle bottom.
