The USDJPY buyers have been able to push (well move) above trend line resistance, suggesting the bottom may be in place for now. There are hurdles ahead (see chart above) with the 100 hour mA at 78.35 the next key target (price has not been above the 100 hour MA since July 12). If that level can be breached a move toward the 200 hour MA level is possible today (green line in the chart above at the 78.67 currently). Risk is on a move back below the broken trend lines.
