The situation for the pair remains firmly under the control of buyers. The dollar continues to rise against the yen, reaching new local highs. However, the price is still within the previously formed downward impulse wave, meaning the current growth is considered part of an ongoing correction.

The correction is presumed to be taking the form of a flat, with the final phase currently unfolding. The price may rise slightly further, after which opportunities for selling positions can be considered again.

Until then, no trading decisions are recommended.

Recommendation: Flat.