March Japanese yen futures a selling opportunity on price weakness.
See on the daily bar chart for the March Japanese yen futures that prices are in an accelerating downtrend and just hit a six-month low. The bears have solid downside near-term technical momentum. A move in prices below chart support at Monday’s low of .9820 would become a selling opportunity. The downside price objective would be .9500 or below. Technical resistance, for which to place a protective buy stop just above, is located at .9969.
