chessnut
Short

USDJPY EW Analysis Long term picture

FX:USDJPY   U.S. Dollar/Japanese Yen
170 3 3
This is a chart of the correction in the USDJPY             since the 2008 disaster. There are two good counts for this, an abc as described OR an impulse with a iii             and v wave extension. The last impulse in junction with the last triangle (interestingly similar the the prior) is compound evidence that we are at a major top on the daily, bound to retrace to retrace to 118 at at the very least, not to mention that abc's tend to retrace 62%, which could mean we are bound for sub 100 in the coming year or two.
So in this scenario there wouldn't be a rate hike any time soon? Or the dollar already priced it it?
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chessnut docwesley90
yes thats the idea, better to know too little than not enough. Ive heard suggestions from the more thorough fundamental analysts that the motive will come from deflationary forces in the japanese economy more so than dollar factors, clearly the BOJ has been fighting deflation for some time now.
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yes fundamentally , boj policy may supersede what comes out the us
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