Technical Analysis of the Japanese Yen Index

The Japanese Yen Index is moving in a bearish direction on the daily timeframe. Prices have successfully swept liquidity above the 690 levels and formed an IFVG zone around the 685 levels, from which prices reacted to the downside. It is expected that the Japanese Yen will continue to decline during the current week.

Key Economic News
There are no important economic news releases for the Japanese Yen today; therefore, price action is expected to remain orderly.

Liquidity Levels
Prices are expected to decline, targeting the 668 level followed by the 657 level.

Scenario Invalidation
The bearish scenario will be invalidated if prices revisit the 690 levels.