Despite the decline, there are signals on the USDJPY chart indicating a possible upcoming change in direction.
The medium-term movement vector of USDJPY indicates the formation of a Triple Three wave structure. Now the formation of the wave [xx] is completed and the beginning of an upward movement within the wave [z] is expected.
According to a lower-degree wave structure, USDJPY is now moving within the ABC zigzag. In this case, the price is likely completing the formation of the wave (c).
To summarize, at the moment the USDJPY chart is maintaining a downward movement vector. However, the corrective wave is in the final stage of formation.
In this situation, long positions are prioritized.