For the pair under consideration, there was a return to the previously broken trend line and its retest. However, the dollar rate against the Japanese yen is in no hurry to decline. Probably, in the near future we will see the continuation of the development of the correction in a narrow price range.

Trading is not recommended in such situation. A good signal to enter sell trades will be a breakout of the minimums set by wave (i).

Investment idea: sell 109.55, stop loss 109.80, take profit 108.00.