Thread: Will yen head south again?

After yen broke 100 key level, the dip found support at 61.8% fib retracement level, which made a higher low on daily point and figure charts. Notice that there is also a lower high on the chart. Further information is needed to make a position trade.

USD JPY is in a consolidation after the last bearish movement. The price is just above 97, 65 support. The volatility is low.
The price should find a support above 97,60 (37 pips). The consolidation should continue. If the support breaks then the target will be 94, 50 (347 pips).