The Yen has built a measure of consolidation support on the charts just above the 92.33 level. Political problems for Japanese leadership have generally left the Yen off balance over the last two weeks and we aren’tsure the December yen can avoid a return to the 92.00 level.
Technical Outlook: Momentum studies trending lower at mid-range should accelerate a movelower if support levels are taken out. A negative signal for trend short-term was given on a close under the 9-barmoving average. It is a slightly negative indicator that the close was lower than the pivot swing number. The nextdownside objective is 92.12. The next area of resistance is around 92.74 and 92.99, while 1st support hits todayat 92.30 and below there at 92.12.