Japanese Prime Minister Shinzo Abe infamously talked of three arrows: fiscal stimulus, structural reforms and monetary easing. They were launched but now gravity has taken over and the arrows have fallen to earth.
Long-term analysis of the dollar/yen chart shows that dollar/yen moves within well-defined trading bands. The lower edge of the upper trading band is near 117. The fall below this level in February set an immediate downside target near 113. This was rapidly reached in a single down move and has been followed by weak consolidation. It's weak consolidation because the dollar/yen has consistently dipped below this level before clawing its way back to close above the level. This shows continued strong bearish pressure on the dollar/yen.
If this arrow had been fired from cliff top, then the arrow is bouncing on a small ledge on the edge of a precipice.