USD/JPY has reached its target at 101.80, generated from the count from the November 14 column and is now pulling-back. There is the possibility of a pause and consolidation at this level before another break higher. Currently there are no obvious active bullish counts, but the up-trend remains strong and will probably continue. The 103.72 highs are the next major target and if the exchange rate manages to decisively clear 102.00 then I would expect a run up to those highs.
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