(102,67) The USD/YEN confirmed yesterday even a 103,70 overshooting before however turning again lower. The closing was positive but not too strong. The price action since last night is suggesting that the dollar could have found a s/t top and that a correction could start, even a sensible one. The indicators of the daily chart are still well positive but those of the s/t ones have returned below the line supporting a correction. We expect now a test of the 200 hours line at 102,40 and a possible hourly closing below of it will support lower levels toward the support line at 101,50. We stay on the sideline while following how the DOLL/YEN will unfold in the coming hours!
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