here’s the longer term look at the USD vs JPY.
note – we missed, by a few pips, the largest corrective move since the bull market began in 2012.
also, you’ll see the 1/8th projection method taught to me by my friend and mentor, Mike Jenkins.
this most recent correction has been bumping all over the .375 (3/8th) projection …
not much movement overnight in the Asian Session and little in Europe … US closed so we’ll see what’s going on tomorrow AM.
any wonder why the DJIA futures are up? Yen has weakened vs the US Dollar … watch this correlation.