Technical Analysis of the Japanese Yen Index
The outlook remains bearish on the Japanese Yen Index, which is moving sideways on the 4-hour timeframe. Prices are still trading below the WFVG, which the market attempted to break several times but failed. Currently, prices are trading around the 734.6 level. A further decline is expected, supported by the bearish trend on both the daily and weekly timeframes.

Key Economic Events
There are no major economic events affecting the Japanese Yen today. However, the Jackson Hole Symposium and Jerome Powell’s speech later today are expected to have a significant impact on the overall markets. Traders should remain cautious.

Liquidity Levels
Prices are expected to decline, targeting the 724.0 level, followed by the 718.0 level.

Invalidation Scenario
The bearish scenario will be invalidated if prices reach the 748.0 level.