December Japanese yen futures a selling opportunity on more price weakness.
See on the daily bar chart for the December Japanese yen futures that prices are in a five-week-old downtrend and have recently hit a seven-week low. The yen bears have downside near-term technical momentum and would gain more power by pushing prices below solid chart support at 1.0000. That would also become a selling opportunity. The downside price objective would be .9600, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.0153.
