Usd/Jpy : 07Dec03 - 2003EST 107.60-65

Weekly - Down-trend re-established, looks sustainable towards newer lows of 106/105 levels

Daily - Although a new low has been established, and eventual lower levels likely to be reached as indicated by the Weekly chart, further down moves may be interrupted by bouts of short coverings suggested by Daily indicators

Hourly - Current indicators suggest the downwards momentum has already slowed or decreased


Strategy:
Prefer to be sidelined and wait for the different timeframe charts to sychronize itself before committing a trade