Commentary: Near term, the USDJPY is either completing a triangle as a 4th wave or a flat as a 4th wave. In the case of the triangle, the USDJPY should rally from here into the 61.8% of 117.93-107.20 at 113.83 with 112.73 remaining intact. In the case of the flat, the USDJPY will dip below 112.73 to test the support line near 112.55/60 before rallying into the mentioned Fibonacci level.
Strategy: Flat