Hi mate, long-term JPY picture looks bearish to me (in terms of chart direction, i.e. bullish for JPY itself
)
Performance on weekly/monthly chart looks like failed attempt to push price above major OP. Otherworlds, major upside continuation has failed. Huge Double Top might be formed here...
From this point of view, I'm more tending to idea of downside continuation. Now price is reacting on daily K-support of ~142.50 area and weekly oversold. But reaction is gradually exhausting, loosing momentum.
If you would like to take long-term bearish position here, but worry of sharp upside reversal - as a compromise, you could wait for downside breakout of 142 lows (neckline). But selling around daily resistance areas seems have less money risk... Also some uncertainty about direction still remains.