The USDJPY blew through 102.95, negating the bearish bias and our idea that a 4th wave was complete.
If a 4th wave is nearing completion, then the USDJPY must remain below 107.20 (the bottom of wave 1 of the same degree). There is potential resistance from the 1/23 low at 104.95 and the rally from 98.56 equals the 95.72-102.95 rally at 103.88 (in which case the rally from 95.72 would be a double zigzag).
