The price continues to move down, but the USDJPY chart shows signs that the downward momentum is likely to end soon.
At a higher interval, a correctional wave [iv] continues to form. After its completion, the market will again move upward. As part of this movement, the formation of wave [v] with an update of the local maximum should be seen.
Lower-degree waves indicate the formation of a downward ABC zigzag. The wave (c) must have already been completed, so the formation of a new wave structure can be expected.
Despite the current downward movement on the USDJPY chart, the situation may change soon. The corrective wave is close to completion, which may indicate the possibility of a price reversal.
In the current situation, it is worth paying more attention to long positions.