(97,72) The USD/YEN is consolidating interior Thursday’s negative outside day with 98,75 – 96,95 the levels to follow in the coming hours/ session. A daily closing below 96,95 will support lower levels suggesting a test of the 95 area! The weekly closing was positive but overall the dollar remained interior the previous week’s range. The indicators of the daily chart are still negative as well as those of the weekly one suggesting further downside risk. The indicators of the s/t charts are showing a mixed picture suggesting further consolidation. While below 98,65 on an hourly closing we expect the dollar to move lower!!
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