We have a Bearish
Divergence in play at the Daily chart
as well where I expect the JPY to test the 200 MA. On the weekly the Bearish
Divergence will range between support and resistance
levels and the uptrend in still intact. I will continue to trade this pair on a lower time fram based upon the USD Yield and Index - as well as Yen strength based upon Risk off and money pouring into the Yen.