Inside technicals and chart patterns by 
With two tests, the 111.76 mid-November and 111.88 recently, the USD/JPY has made a double top just shy of 112.00.
The intraday charts are ripe for a aggressive short off the 80 level. The short play will be valid as long as prices continue to find seller between 111.76 - 111.86. IN fact, as long as 112.05 is still not broken to the upside it’s a valid short.
All charts used with permission from Autochartist chart pattern recognition software.