Here's my Elliott Wave count for the USDJPY on W1. It appears more likely to be a corrective structure (labelled it black with the gray label as the alternate). Please note that I label my waves different than most. The way I label it typically allows for the market to perform an "irregular B" wave that triggers new highs. I see three possible scenarios...
buy @ 1.4255 for 1.4305; stop @ 1.4155 To see more ideas, check my blog
buy @ 1.4740 for 1.4790; stop @ 1.4640 more ideas