Is yen due for a correction on rising geopolitical risk in Asia?

 North Korea isn't happy. China reinforced its goal to become a military power.  Throw in the rising confidence being expressed by Japan's political leaders.  Add a dab of the US "Asian pivot" on top for good measure and you have the potential for safe haven flow back into yen.  It would likely trigger a decent correction in USD/JPY and wrong foot the market which is now looking in one direction. 

USD/JPY Weekly:  Counting in threes-A-B-C-as discussed in my recent forex webinar, here is the stylized setup weekly:  

 Currency Currents 16 March 2013

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