USD-JPY Elliott Wave Analysis (4-Hour Candles)
Primary USD-JPY Elliott Wave Analysis
I have used a shorter term chart than normal for this analysis because I believe it shows the wave structure better. We appear to have completed a small A-B-C correction after the Bank of Japan intervened in the market and sold off Yen. The next move will most likely be another short term bearish move that will complete wave some 5th wave subdivisions that will lead to a larger correction before the long term downtrend continues.