The USD/YEN formed a small negative day reversal but only a daily closing below 77,60 will confirm a s/t top suggesting lower levels.
The indicators of the daily chart are well positive while those of the s/t ones are mixed supporting further consolidation.
Only an hourly closing above 78,15 will resume the move up confirming also a positive reversal with a potential target at 78,76. While below 78,15 we could still see an extension of the correction toward the 200 hours line, now found at 77,32!
We suggest still waiting for an extension of the correction toward the 200 hours line to buy this dollar for a move up toward 78,80!!
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