USDJPY has just set a new multi-year high of 116.3 but has seen a small sell-off as a result of this. The rally that has led to USDJPY's current price started off in early December, so far the price is up 3% from that point. The last time that USDJPY set a high above 115 there was a decent sell-off, coupled with the extremely overbought RSI levels on the daily chart makes me think that there will be a small correction back down towards the low 115 levels.