Market Outlook: Dollar Yen Medium Term - Bullish

The Dollar-Yen Big 2 or Big B wave looks to be complete. Whilst there is a chance of a thrust lower before the long term rally unfolds, the dollar index suggests that the break out to the high side is imminent. Use 104.80 as the pivot, being long above it looking for a breakout of 112/113. Any move below 104.80 suggests that there will be a thrust lower before long term scenario unfolds.

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