(99,76) The USD/YEN is still well bid suggesting further upside potential. however, it failed yet to overtake the 100 level where it is finding good resistance. The indicators of the daily chart are still well positive but those of the s/t ones are also still showing a mixed picture. Although fresh bearish divergences confirm a positive tone suggesting further strength we still believe the before moving higher we may see a sensible correction with the 200 hours line at 98,56 the attraction!! We stay on the sideline.
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