Technical Analysis of the Japanese Yen Index
The Japanese Yen Index is moving in a bearish trend on the daily timeframe and the four-hour timeframe. Prices successfully moved downward from the DFVG zone around the 701.3 level. Currently, prices are trading around the 699.2 level, and the Japanese yen is expected to continue declining against all currencies throughout the day.

Economic News
There is no important news affecting the Japanese yen today; therefore, market movement is expected to be smooth.

Liquidity Levels
Prices are expected to decline and target the 695.6 level, followed by the 688.0 level.

Invalidation Level
The bearish scenario is invalidated if prices reach the 705.4 level.