relationship with 121.84 of Dec.05 this year.
Their starting points & total upward wave length are alomost the same. Therefore I would
say that USD/JPY had already started 5 months-long Declining Phase. It would be able to
reach 108.96--109.40 at maximum.
The last A Phase was happened even Yen Carry-trading session.
Mid-term view is SHORT & long-term view is LONG.
Nikita FX (http://climbingfx.jugem.jp/ )