No matter how the dollar tries to rise, the Japanese yen, apparently, has its own plans and visions of further developments. During the last trading session the price went down sharply to local price minimums and this prompts certain thoughts.

Perhaps a large correction in the form of a zigzag has already formed. Now a new but already downward cycle begins, which with a high degree of probability will have an impulsive nature. In this case, it is possible that wave (ii) is being formed at the moment. The price within the specified wave can rise to retest the broken trend line. After that, the pair will continue to decline.

Investment idea: sell 109.50, stop loss 109.80, take profit 107.00.