Yesterday’s decline of the USD/JPY took place supposedly in the range of the 3rd wave in the c, of the whole downward section formed since January 20. If so, after a slight growth we might expect another attempt to test the level of the 82 figure, reached yesterday. At the same time, as mentioned before, being close to multi-year lows influences the wave situation and might force the market to make an attempt to decline to historical lows near 79.75.
