The Japanese yen gained so much against the dollar with over 500pips in December 2018. During this time, most of the American stocks took a dip and are yet to recover fully. $USDJPY peak price in 2018 was in October at 114.404. In the second half of the year in 2018, $USDJPY was overbought at two instances. Price touched level 104.718 level in the early days of January 2018 with much volatility in the 2nd trading day.
After the dip in December, price of $USDJPY is already oversold on the RSI indicating a reversal for an uptrend. Price has currently moved upward 300pips in 2019 and shows a very high tendency of a continuous uptrend to 113.96 in the long run. For a short while, price of $USDJPY could rally up to 111.823 from its current 110.480. The future of Ichimoku shows a trace of reversal which might attract an additional 300pips in the long run. Though price is currently in the lower region of the Bollinger bands, price might cross upwards to the upper region of the band in a short while.