(93,18) The USD/YEN confirmed a negative closing but failed to confirm the small negative day reversal it formed on Monday. Overall the dollar is still consolidating interior the negative outside day with 94,90 – 90,80 still the levels to follow. The indicators of the daily chart are still well negative while those of the s/t ones are mixed suggesting further consolidation/ correction. The s/t scenery is well mixed at the moment but we still believe there is more downside potential; only an hourly closing above 93,50 will probably postpone further weakness supporting a test higher. We stay on the sideline still waiting for further confirmations.
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Future Trend Research