The Japanese yen is the weakest of the currencies under consideration at times of a sharp strengthening of the dollar and, as a rule, instantly gives up a substantial part of its positions. Now we see almost the same thing, the price has skyrocketed, although before that it was assumed that we would expect a decline due to the development of the correction.

Now the situation already indicates a possible beginning of the formation of a further upward impulse. Presumably, the beginning of the formation of wave (iii) of an impulse was laid, which means that in the future we may see a prolonged uptrend with regular updating of price maximums.

Investment idea: buy 110.00, stop loss 109.80, take profit 111.00.