(94,58) The USD/YEN confirmed on Friday a weak closing, below the lows of the previous few sessions but also below the support of the negative outside day at 95,50 suggesting further weakness. We already saw a test of the 94,00 area and see further downside risk toward the 93,20 area where we find next support line!! The weekly closing was also negative forming a negative week reversal!! The indicators of the daily chart are now well negative but those of the weekly one remain well positive and close to the overbought area. The indicators of the s/t charts are instead negative this morning supporting further weakness. We expect further weakness and based on the weekly one we could well see a return toward the 90 area!!
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