After a rapid decline there is usually a stop. This is exactly the scenario we are seeing now for the pair in question. The price is trying to rise without giving the sellers an opportunity to continue the decline, although the situation is quite favorable to it.

Probably, everything is postponed for an indefinite time. In the meantime, the rate of dollar versus yen will grow and try to consolidate at some level. At the same time there is an opportunity for buying, as the price has some potential for movement. What it all will eventually result in will become clear in time, meanwhile it is recommended to consider buying at the current values.

Recommendations: Buy 132.75, SL 132.50, TP 134.50.