Considering weekly chart of USD/JPY shows that the pair had a pull back in its bearish trend. At the same time it has reached the 38.2 Fibonachi level at 111.70 which is a key point. If the pair can break the level of 111.70, a fake breakout of 38.2 Fibonachi level is possible for the pair to touch the trend line at around 112.30. But generally we expect the pair to keep moving in the bearish blue trend channel.