Apparently global conditions are positive enough to see the yen weaken amid a decline in repatriation interest. Renewed strength in the Dollar is adding to the vulnerability in the yen and a return to recent consolidation support down at 83.47 is possible in the coming 36 hours of trade if the situation in Greece sees some compromise by both parties.
Technical Outlook: The moving average crossover down (9 below 18) indicates a possible developing short-term downtrend. Declining momentum studies in the neutral zone will tend to reinforce lower price action. A negative signal for trend short-term was given on a close under the 9-bar moving average. With the close higher than the pivot swing number, the market is in a slightly bullish posture. The next downside target is now at 83.75. The next area of resistance is around 84.60 and 84.84, while 1st support hits today at 84.06 and below there at 83.75.