USDJPY Does US CPI Finally Break the Ceiling?

Since the High on 27 March we have had an Impulse down followed by a correction nearly back to the high, followed by another 5 wave impulse down, taking out the low, and then a return to the high's again. This Price action qualifies as an Elliott wave Zig Zag. Looking at the volume profile I am observing that the Point of Control aligns with the Wave 4 extreme of the Wave C. The Spike down from there to the Low is what the "Smart Money Concepts" Fraternity refer to as a "Sponsor Candle" This is where "Smart Money" Spike price down to "Manipulate" Liquidity, Liquidity is where Orders Reside, In this example the Sell Orders are Required for "Smart Money" To Pair there Buys (For to Buy they need a counter party to sell to them). The Theory is that the sells entered into the market to produce the spike down are now in drawdown as price is now higher than the level at which the Sells were placed. Now the final step in "Smart Money's" clever little scheme is to stop there buying and let price retrace back to the Sponsor candle, At this point they "Buy Back" there Sells and "Mitigate" there drawdown on this position, and in doing so Propel price back in there intended direction = UP.