USD/JPY looks like it has put in a short-term bottom on the hourly charts. Odds are we build a right shoulder on the hourly charts between 85.70-sh and 85.90-ish over the next few hours.

If so, after a few hours of consolidation , a move above the 86.00 area should yield a technical bounce toward 86.70, on a measured move basis.

8-4 jpy