I'm updating my view regarding USD/JPY for 2016 but still i won't make any position for now.
I believe even if there is some correction to the upside, it might be limited to 122-123. Further downside is expected from USD/JPY pair unless BOJ increase their QE or money printing program.
As for USD, i believe it will gain momentum in the beginning of 2016 since the rate hike hasn't been priced in yet.
But market has priced in 2 more rate hike in 2016. If it goes as fed thought, i think USD still can gain 10% against most pairs.
If you guys have any question, just ask it!
I'll welcome any question here!