Thanks for the analysis, it was useful in understanding what the market is looking for in general terms. It gave me confidence to trade the dips in the yen crosses across some of the currency pairs so far.
The USD/JPY is bullish based on the sentiment and the BOJ policies right now.
This means that we expect that pair to go up a little bit more yet, so in theory the thing could just keep rallying up past 96.00 and on .... But of course there may be profit taking or some comments that could scare the market before then which would cause retracements. (We saw this on Friday with USD profit taking)
So although we could get short moves down, it wouldn't really be as safe to try and trade it down there, because the bias of the market overall is still long.
The key is getting the news as quickly as possible and then using technicals to enter the moves so we use 'Ransquawk' for the live news feed and i also keep track of everything via Bloomberg, Reuters and a few other sources such as MNI ...