I think this is temporary. JPY will begin its rally against the dollar in a few days. I think the Feds are about done raising the rates (a couple more times this year) especially now that the market is looking a little weak. I doubt they'll want to overdo it.
I don't doubt it. Technically speaking, the last support we hit was a strong monthly trendline. But theres stong quaterly resistence at 120.00 The yens boxed in.