Technical Analysis of the Japanese Yen Index
The Japanese Yen Index has risen after sweeping liquidity below the 688.0 level. Prices are currently trading around the 691.8 level, which represents a Fair Value Gap (FVG) on the four-hour timeframe. Prices are expected to fill this zone, and if a four-hour candle closes above the 693.0 level, further upside movement is expected during today’s session.

Key Economic News
There are no major economic releases related to the Japanese yen today; therefore, price action is expected to remain balanced.

Liquidity Levels
Prices are expected to rise and target the 696.6 level, followed by the 700.0 level.

Scenario Invalidation
The bullish scenario is invalidated if prices reach the 686.4 level.