The USD/YEN confirmed on Friday a positive closing, above the top of the previous session but overall still interior the big outside day formed by the intervention. The weekly closing was of course positive!
The indicators of the daily chart are still positive but showing potential negative reversals; those of the weekly chart are however also positive, now. The indicators of the s/t charts are instead still mixed suggesting further consolidation. Only an hourly closing above 78,30 will favour a little higher levels. An hourly closing below 77,75 will instead support lower levels with the 200 hours line at 77,35 the attraction!!
We keep staying on the sideline.
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FUTURE TREND RESEARCH