The market remains in a downtrend, though wave analysis indicates a potential end to the current trend.
USDJPY continues to move within the Triple Three wave structure. Now, apparently, the formation of the wave [xx] has completed on the chart and the development of an upward movement can be expected with the wave [z].
Lower-degree waves indicate the formation of a downward ABC zigzag. The wave (c) must have already been completed, so the formation of a new wave structure can be expected.
Despite the current downward movement on the USDJPY chart, the situation may change soon. The corrective wave is close to completion, which may indicate the possibility of a price reversal.
In the current situation, it is worth paying more attention to long positions.
