Technical Analysis of the Japanese Yen Index
The Japanese Yen Index is moving in a bearish trend on the daily and 4-hour timeframes. Prices successfully swept liquidity around the 726.7 level, then formed an IFVG zone around 721.5 and dropped from there, supporting further downside today.

Key Economic News
There are no significant economic events for the Japanese yen today, so price action is expected to remain smooth.

Liquidity Levels
Prices are expected to decline toward 715.8, then 713.3, and finally 710.2.

Scenario Invalidation
The bearish scenario is invalidated if price visits the 724.1 level.