The deep dip was bought directly and endet at the holy fibo 61,8 @ 103.32.
Trading below that Level will perhaps reassume the main trend. For that Szenario i have illustrated a cyclical shortposition.
Only Prices above 103,4 will brighten the shortterm chart.
I agree with your conclusion. I think more money will flow into JPY seeking safety. Bond yields are crashing despite the SPX regaining most of it's losses due to Brexit.
My view still is the same.
We will continue to see capital go from right to left.