The USDJPY (now at 101.78) did exactly as predicted.
Although another small drop to level 101.63-101.45 is still a possibility, it should start soon the very last major rally to 106.59 or higher.
maybe: area 107.55 -108.52
The weekly chart displays the uptrend that started at the end of OCT 2011.
4 major waves up are clearly identifiable (in blue) but major wave 5 is not completed yet.
The daily chart clearly displays 4 intermediate waves up out of 5.
The 5th wave up has just started with minuette wave 1 & 2, as you can see in the 4-hour chart.
wave oscillator over the 4-hour chart - click to enlarge
1-hour chart - click to enlarge