The fierce battle between the dollar and the yen with sharply increased volatility is gradually subsiding. The Japanese currency is taking the initiative into its own hands, starting a bearish phase. It is likely that the formation of the final diagonal triangle is completed. Along with it, the development of a prolonged upward impulse has ended.

In such a case, we expect a strong corrective movement in the future, which could bring the price to around 120.00. The situation looks very attractive and promising for entering sell trades, so it is recommended to consider this opportunity. But this is in the long-term perspective. For now, the targets are not that significant.

Recommendations: Sell 152.90, SL 153.10, TP 151.00.