Technical Analysis of the Japanese Yen Index

The Japanese Yen Index is moving in a sideways range on the four-hour timeframe, and prices have successfully swept liquidity located below the 688.0 level.
Additionally, during the previous decline, price formed a Fair Value Gap (FVG) on the four-hour timeframe, and this area is expected to be fully filled by a price move to the upside.
In the case of a four-hour candle closing above 693.0, further price appreciation is expected.

Key Economic News
There are no significant economic news releases affecting the Japanese Yen today, therefore market movement is expected to remain calm.

Liquidity Levels
Prices are expected to rise, targeting 696.6 followed by 700.0 levels.

Scenario Invalidation
The bullish scenario is invalidated if price visits the 686.4 level.