Last nights high in the Yen Futures was a retest of the last Point & Figure breakout in USD/JPY.

111.62 was the reversal high from yesterday.
Be very patient with how you trade the Yen.

We’ve had another big relief rally in the futures, however that is not to say
the Yen doesn’t take a trip back to 111.62.

The Futures still need to close the week over 114 for signs that it will rally further.