The USD/JPY pair is still rising and could continue higher, with an eventual target at the underside of the previous rising channel as well as other resistance at 99.25. However, there are now signs of weakness creeping in on the daily chart, which is forming a possible shooting-star candlestick - although the day is not over so the pattern is not yet fixed. If it does, then it might be the beginning of a resumption of the down-trend. The current correction could be an Elliot 4th wave, and after it ends we could get wave 5 back down towards the recent lows at 93.78. There is support from trendlines at 97.50 and 97.05. A decisive break below 96.90 would probably lead to a move down to a target at 95.50 initially.