Trend is bullish in 4 hours time frame. Vital support is present at 111.59 price level. In last few trading days, price action in USD/JPY currency pair has moved up and printed a top. In my judgement, Bullish Wave A has completed and current falling price action is probably going to be a Bearish Wave B Zig Zag Elliott Wave pattern.
This means, bearish pull back in price action which offers a buy trading chance. As the trend is still up, we could look for a buy trading opportunity at bearish Wave B termination point. However; price should stay above 111.59 support level or bullish Elliott Wave count will become in-valid. In such case, I will stay out of the market and re-analyze the price action in 4 hours chart of USD/JPY currency pair.