USDJPY or dollar/ yen

USDJPY has recently gone down a bit. As we had advised it was very probable. We have published 2 graphs in our Twitter(@simplynorisk). The first one is the USDJPY weekly chart where we can see that the cross is rebounding in the upper Bollinger band, while most of the oscillators were very "hot". The second graph shows the daily chart, where a nice correction has already been made (the indicator here is low).

So far, all is normal. If the EURUSD keeps going down, perhaps we will see some lower values for the EURJPY. However, it shouldn't go very far.