While the USD’s relations with the EUR and GBP have inspired moderate optimism lately, it is not so simple with the JPY. The previously constructed wave scenario suggests that it would be good to rise sharply again. Instead of growth, we observe flat, and every attempt to rise is quickly stopped.

It is difficult to say exactly what will come of it in the end. Expectations for growth are strong, but there is clearly no need to rush into bullish positions. The best decision now is to wait for the breakdown of the 113.60 level, after which buying can be considered.

Idea: Purchases 113.60, SL 113.40, TP 115.00.