(97,20) The USD/YEN confirmed a further negative closing suggesting further downside risk toward the 200 days line, now found at 96,57. A weekly closing at the present level or below will be very negative for this dollar suggesting lower levels!! The indicators of the daily chart are still well negative as well as those of the s/t charts supporting further weakness. Only a recover above 97,90 will stabilize the dollar supporting a recover. While below we expect lower levels, even a sell off! We remain on the sideline.
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