My bias is to go bearish on the USDJPY pair my reasons to support this move, purely from a technical perspective, are as follows:
I will be looking to be bearish on USDJPY. As we can see on the daily it has been ranging and has just come off the top of the range, at MM4 where it last touch begining of September.
On the H4 we are consolidating. Price has failed to make any higher highs/lows or lower lows/highs, and closed the week on the weekly pivot point. We are looking to see a break-out on the downside
On the hourly, we saw price break the bullish trend resulting in a 1,2,3 reversal. Price came back up to test the trendline which provided a new resistance, and is now headed down to what may be a lower low. You should also not that the stochastistics on all three time-frames are headed down to the oversold region