(98,85) The USD/YEN confirmed a negative closing suggesting further downside risk. We had already a retest of the 98,60/50 area earlier but only an hourly closing below 98,45 will support a deeper correction!! The indicators of the daily chart are turning below the line this morning and if confirmed on closing tonight, we have to expect further weakness. The indicators of the s/t ones are negative supporting lower levels. Already a break below the 200 hours line at 98,77 will signals lower levels!! We stay on the sideline how the dollar will unfold in the coming hours!!
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