USD/JPY: Elliott Wave Analysis and Forecast for 26.12.25 – 02.01.26

Major Takeaways Main scenario: Consider short positions from corrections below 157.75 with a target of 153.20 – 151.73. A sell signal: the price holds below 157.75. Stop Loss: above 157.75, Take Profit: 153.20 – 151.73. Alternative scenario: Breakout and consolidation above the level of 157.75 will allow the pair to continue rising to the levels of 162.00 – 165.00. A buy signal: the level of 157.75 is broken to the upside. Stop Loss: below 157.75, Take Profit: 162.00 – 16