USD/JPY Elliott Wave: Completing Wave 4 of Cycle Degree

"USD/JPY nearing 4th wave target, potentially strengthening Yen to 75-70 zone"

Signal: bearish

The USD/JPY currency pair is likely approaching the target for the 4th wave of Cycle degree, which could lead to a resurgence in the strength of the Japanese Yen against the US Dollar in the near future. If we have indeed completed the 4th wave, the target for the 5th wave would be in the 75-70 zone, potentially marking the strongest Yen against the Dollar. Notably, the Yen is currently at its weakest point in 40 years, which may be indicative of a significant impending event in the global financial market. As we await future price movements, it's essential to consider the possibility that this may not be the top. If that's the case, the correction could extend to the 161.8% Fibonacci level of the C wave under the 4th wave, ultimately completing the corrective phase.