📊 Japanese Yen Currency Index (JXY) – Monthly Chart

🔹 Wave Structure: A massive corrective A-B-C decline is unfolding after the 2011 peak.
🔹 Current Setup: Price is in Wave (4) consolidation but is expected to break lower into Wave (5) of C.
🔹 Outlook: The final leg down could take the index toward 58–60 before a historic bullish reversal.
🎯 Long-Term Target: Wave C low around 58, followed by a sharp bullish rally.
⚠️ Invalidation: A breakout above 80 would invalidate the immediate bearish setup.