The Yen strength coupled with the Dollar consolidation has finally played out into the larger wave-C of 2 and the first target. December-March likely provides the primary turn back up, and as such will provide the backdrop to whether price can reach the extension target or not over the next couple of months.
Overall, the USDJPY is targeting the 300-400 range by 2027-2029 and an important trend for recalibrating assets.
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