Wave End / Due for Correction?

FX:USDJPY   U.S. Dollar / Japanese Yen
22 0 1
It appears to be in a small wave 4 (possibly of 5 of 5 of 5) on the hourly chart. One more high over 110? Connected to what going on in global indices, a significant top in this pair, the DXY             & a bottom in PMs?
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