USDJPY short idea: UJ and stocks down some more?

Based on risk sentiment (gold, stocks, oil), looks like UJ might be headed further down.

I think we might have already completed the wave 4, and preparing to start wave 5.
But wave 4 could go a little higher yet and still be perfectly valid EW process.

The Nikkei looks to be following a perfect path to a wave 5 coming

and lately UJ has been tightly correlated with equities (usually is but right now more so than usual)

코멘트:

Dollar is super strong after FOMC meeting minutes. But here we are at the crucial decision point

Zoomed in: the fib zone was precisely noticed, but I dont think it will stop the move

코멘트:

UJ still testing the resistance zone above

코멘트:

Nice rejection this far

But I am not confident it will go much lower. Am watching risk sentiment again.

코멘트:

The Japanese stock market is following EW and Fib waves perfectly

now waiting to see if it bounces up from that 4.618 or cuts through