Bullish usdjpy in my point of view as we have a possible pennant on the lower time frames and this should be coupled with the double flat already completed.
The thing is that the recent move to the downside, the impulsive move in blue you can see there is most likely a c wave of a bigger degree and now we should go and probably make new highs when compared with the ones in the 105 area.
What does this mean for markets in general? Well, first thing to come to my mind would be higher equities. Just like that.
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