Looking at the descending channel and the subsequent breakout, we can see a short term uptrend forming. I like channels in USD/JPY and I also like when the market tests form resistance of former channel which is happening now.
Depending on improving risk appetite and JPY cross action in Asia I will look for more upside toward 91.00. But then again this could all be invalidated by the time this post goes up…
Link to chart in case of the inevitable missing image.