Technical Analysis of the Japanese Yen Index

The Japanese Yen Index is moving in a sideways trend on the daily timeframe and in a bearish corrective movement on the four-hour timeframe. Prices pulled back downward from the FVG zone around the 691.8 level, which was highlighted in the weekly video. During today’s session, further price decline is expected.

Key Economic News

There are no significant economic news releases related to the Japanese yen today; therefore, price movement is expected to remain relatively consistent.

Liquidity Levels

Prices are expected to decline and target the 683.0 level, followed by the 676.6 level.

Invalidation Scenario

The bearish scenario will be invalidated if prices revisit the 692.1 level.