On the updated chart of the U.S. dollar/Japanese yen (USD/JPY) currency pair, we can see a nice and strong bullish rally taking place, from around the 111.60 level, where we labeled end of a complex correction. As such, this rally gives us an indication for a completed three wave double zig-zag correction and a suggestion that higher levels will now follow. That said for a confirmation point of view, we still want to see a break above the 115.60 level.