Here is my updated count of USD/JPY. A spike on the NFP release has pushed the pair above 94 in what I believe is one final thrust before a sizable correction. Even if my longer term count is incorrect price is likely to fall to at least 92.5 from these levels. Below is a daily chart going back to 2003 showing RSI readings. As you can see RSI has never manager to make it above 80 for more than a few minutes and we are at those levels as I write this. I am taking a short position here against 95.5 with a minimum target or 93. Move stops to protect profit on a move back below 94.
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