
Potential strength for the yen in the medium term.
The yen index has begun to decline after reaching important and strong supply areas
on the daily frame, as well as overlapping areas on the 4-hour frame.
Currently, the index is trading within important demand areas
on the 4-hour frame, which are aligned with the rising trend line,
preventing the index from falling.
If the demand and uptrend areas are broken and the index closes below them,
we are expected to see the yen index decline to the specified targets,
which are located at 69.70 and 69.20, respectively.
This indicates an expected strengthening of the yen against most currencies.
This is due to the nature of the yen index being different from other indices.
Here, the decline indicates strength for the currency, not weakness.