We’ve been accurately forecasting USDJPY for over 12 years, starting with recognition of a falling wedge that yielded a huge breakout in 2011 [see: USDJPY – How Low Can it Go?] and evolving to an understanding of the importance of the Yen Carry Trade.
The Japanese economy is a hot mess, but the chart patterns have been fairly easy to discern. When there’s any doubt, remember two principles:
(1) The BoJ will do whatever it takes to keep stocks on the rise.
(2) Ignore any other principles.
So, when a channel breakout occurred in March 2021 [see: USDJPY’s Turn] in the wake of the 35% Covid crash, we were right on top of it. 
Likewise, we could see the ginormous Inverted Head & Shoulder Pattern coming from a mile away. USDJPY zipped up through the “resistance” and has tagged every target we’ve set for it. It has further to go, though the path should continue to confound everyone but chartists.
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