Technical analysis of the Japanese Yen Index
The Japanese Yen Index is moving in a downtrend on the daily and 4-hour timeframes. The price successfully declined from a DFVG zone around the 701.3 level. It is currently trading near 698.4. The Yen is expected to continue weakening against all major currencies during today’s session.

Economic overview
There are no important economic events related to the Japanese yen today; therefore, the movement is expected to remain smooth.

Liquidity levels
The price is expected to decline further and target levels 695.6 followed by 688.0.

Invalidation level
The bearish scenario is invalidated if the price visits the 705.4 level.