AUDJPY LONG - The mantra continues.. BUY YEN DIPS

The mantra continues 'Buy the dips in the Yen Pairs' a significant drop in the USDJPY has lead to many of the yen pairs beginning a correction lower, as the commodity currencies are benefiting from surging commodity prices I am looking to catch the end of their pullbacks, This AUDJPY has the best structure with a 3 wave correction currently playing out. A note of caution is the fact that many of the indices, the US and European ones in particular are now at the extreme of their wave moves from Feb 2016 and will likely correct lower which may drag the Yen pairs down.