Long-Term Reversal Candidate Also a Short-Term Range

I have looked at USDJPY through its 'risk' lens exclusively over the past months and have missed out on considerable potential in the short-term. Over the past weeks, there has been a remarkably consistent range which I have overlooked awaiting for the eventual collapse in speculative risk trends - which will likely pull down all Yen crosses. So long as risk trends don't see the floor drop out, this congestion may hold.