This US Dollar | Japanese yen note was published as part of the Macro Outlook note on 17 October 2022. There are guidance notes for cycles analysis terminology in the "Getting Started" page of the website. They are interesting articles, easy to understand and will help you get the most out of the notes service.
Dollar | Yen
As highlighted in last week's note, price is still pushing towards the psychologically important 150 level, which also happens be near enough a 25 year high. Price is also overstretched at 2 standard errors above the a regression channel mean plotted from the 2011 low (not shown). The 80 day cycle top is due and potentially this week: the cluster of circles and whiskers at the top of the chart show the likely placement area (see Circles and Whiskers note). Out of the top we are expecting a sharp decline into the next 80 day cycle trough around mid-November somewhere between 140 and 145, but this view is likely to become clearer once price has turned down.