Technically speaking, the dominant trend is bearish, but USD/JPY has been trading higher since August 26. The central trading range is 109.320 to 104.450.
The USD/JPY's 50% to 61.8% retracement zone is found around 106.860, and it's being tested for now. Consider staying bullish above 106.88 to target 107.400 and 107.620.