Technical analysts at Mizuho Corporate Bank note that the pair USD/JPY looks instable as it’s trading in the range between the recent maximum at 84.41 and the top of the daily Ichimoku Cloud found slightly above 83.00.

The specialists expect that if the greenback closes the day below its 9-day MA at 83.36, momentum will become downward and the rate will slip to 83.15 and then to 82.35.

Mizuho recommends selling US currency on the growth to 83.75 stopping above 84.50.



Chart. H4 USD/JPY

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