Strangely enough, the Japanese yen retains the chances of strengthening against the dollar. To do this, sellers need to make every effort, which can ultimately lead to the development of a downward impulse. But this impulse will be part of the correction, namely the zigzag and its wave c.

Confirmation of the development of events according to the proposed scenario will be a decrease in the price to the area of 108.30, so there is no need to rush to open any trading positions. The price can also continue to grow and renewal of the maximum set by wave v will cancel the proposed wave scenario.

Investment idea: sell 108.30, stop loss 108.60, take profit 106.00.