As I was mentioning in USDCAD, USDRUB, USDMXN & for other similar oil-influenced pairs; it is highly likely that the current rally in Crude Oil is only temporary (& it will be set to end anytime soon; then the decline will resume to lower lows once again)...
In addition, it is also expected that the Japanese Yen is strong, & it will most probably continue to strengthen even further throughout 2016...
As such, these factors should bring this pair to a break-out to further downsides (in the nearer future)...