Yen strengthen against USD

As I continued to look through the Forex, I noticed Japanese Yen against USD.

While Japanese Nikkei225 is not showing sign of life yet, the Yen is giving a much different perspective.


Fig 1 USD/JPY Weekly Chart

From the chart, it is clear to see a descending triangle, the number of waves met the criteria and thus it is ripe. The break out downward is a result of such. The measurement base on the triangle is going to be USD1=JPY58.44 or something like that. Currently, USD1 still holds at JPY91.37.

May be it is better to invest in JPY right now.