USDJPY pair started the week with the gap down.
On H4 chart, it broke 55EMA with the gap, though currently the price came back above 55EMA.
Thus I have to assume the price will continue to come down to 121.40-50 area (200 EMA & Role Reversal Support)
One more possible buy zone is Daily 21 EMA (122.00 ish).
Thus I will look for the Long opportunities at 122.00 and 121.50.
There will be BOJ Monetary Policy meeting scheduled on Friday. But until then, I am expecting to see couple of red candles on the Daily.
Hope this analysis helps you build your own.
YJ Baik @ Forex.Today