USDJPY is moving sideways between the 154 and 158 area, but notice that price is showing a corrective character after the strong rally from the September lows. This makes me think we are currently trapped in a fourth wave retracement, which may is expected to cause continuation higher, maybe soon if we consider idea of a triangle. So possibly market will be looking at 160 level in weeks ahead, which could become an important resistance area at the beginning of 2026. But for now, the trend remains bullish, and from an Elliott wave perspective, we are missing the fifth wave. Any deeper retracement can stop at around 154-155.
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