Expected Strength for the Yen in the Short Term

The Yen Index is moving in a sideways direction on the 4-hour and hourly charts.

This is after reaching daily supply zones and bouncing back from them.

The Yen Index declined, forming new strong supply zones,

indicating potential strength for the Yen.

Currently, the index has re-ascended to its previous supply zones,

where new zones have been formed. A break of the uptrend shown on the chart is expected.

If the trend is indeed broken and a close below it is established, it is expected to continue to decline to the targets shown at 71.26 and 71.10.

This indicates expected strength for the Yen against most other currencies.

Note: The decline in the index here indicates strength for the Yen, as the index here

moves differently from other major currency indices.