USDJPY is in a rising channel breaking which it would turn

May 15

USDJPY can turn bearish again if it breaks below 152, breaking the rising channel for the most recent advance. The move inside the rising channel can be three waves if 152 breaks. Wave c was also three waves. Then, the entire pattern would look like an ED where wave e ended at the recent high. That can mean prices go back to 140—no more new highs until new evidence develops. I hear that BOJ has intervened, and the DXY is falling, so the odds favour a correction in USDJPY.