This is my second edition regarding USD/JPY Big Picture. As I predicted with the last edition, IH&S neckline 2 was breached in the end of last year (which was beyond 120.00 level). So far IH&S neckline 2 breakout looks like a False pattern due to the coming wave Major-2 (which target will be at 111--112 ).
Therefore we should wait for coming wave Major-3 (which target will be at 162 Yen level)