(92,68) The USD/YEN confirmed a weak closing yesterday after further consolidation last week interior the inside day with 95,10 – 93,40 the levels. The monthly closing was positive but the weekly one was negative. The daily closing last night below 93,45 is suggesting further downside risk suggesting a move toward 90!! The indicators of the daily chart are still well negative but still not yet those of the weekly and monthly one. The indicators of the s/t charts are well negative suggesting further weakness. We expect lower levels: possible rebounds should find resistance at 93,30 before the strong 93,50/60 area!!
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Future Trend Research