USD/JPY – Trading Tips On the 4-hour timeframe, the USD/JPY has formed series if Doji bear patterns at106.200 which are signalling neutral bias among traders. The 20, 25 and 50 periods EMA are also pushing pair lower, and now USD/JPY may head to target 50% Fibo at 105.400. Consider staying bearish below 105.950 to target 105.200 while bullish reversal can ve seen around 104.850 regions.