The Yen has seen some modest support from BOJ comments that the Dollar might find it difficult to rise further. However, the Yen appears to remain in a downward motion on its charts with a return to the early February lows of 83.02 possible in the coming trading sessions.
Technical Outlook: Stochastics trending lower at midrange will tend to reinforce a move lower especially if support levels are taken out. The close below the 9-day moving average is a negative short-term indicator for trend. The swing indicator gave a moderately negative reading with the close below the 1st support number. The next downside target is 82.92. The next area of resistance is around 83.40 and 83.68, while 1st support hits today at 83.02 and below there at 82.92.