The USD/JPY pair has broken its upward channel on a 30 minute time frame. However, the price is still trading above the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirms that the bulls are still in full control of the price action. The volatility for the pair remains low as the price is trading within the Bollinger band and close to its 20day moving averages.
However, the RSI is showing a clear sign of deflection which means that the price is making the higher high but the RSI is not confirming the same. Therefore, the bias could be to the downside.