USD/JPY - Was 98 the start of "big" wave 3 ?

This pair moved from 98 to 1.0750 in 3 waves so we need one more wave higher to have confirmation that 98 is really the low. For this scenario to become reality USD/JPY shouldn't trade below 1.0325 (overlap) before it will make a new high. Ideal target for wave 5 to start is 1.0462 so keep an eye on that level. If 98 is indeed the low (and the end of larger degree wave 2) a substantial upmove will take place which will move far beyond 1.2585 so this would be a nice r/r trade.