(97,40) The USD/YEN is still consolidating interior Thursday’s negative outside day with 98,75 – 96,95 still 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, scenery that we do still favour! The indicators of the daily chart are still negative and at the moment also those of the s/t ones are below the line supporting lower levels. While below 98,15 on an hourly closing we expect the dollar to move lower for a possible break below 97,00!!
Read the full report: USDJPY 08.20
Future Trend