Bottom Line: Lower in five waves for wave A
08/04/2026 6:29EST (Last Price 158.545):
USDJPY is down this week, but I remain bullish with targets near 170.00. That being said, I’d like to see the pair re-claim 160.03 before I can conclude that this pullback really is over and that the uptrend has resumed. The bears remain in charge until then.
In summary, 2026 is likely to build on 2025’s gains since the big picture is bullish.
