September Japanese yen futures a selling opportunity on price weakness.
See on the daily bar chart for the September Japanese yen futures that prices are in a three-week-old downtrend. The bears would gain fresh downside near-term technical momentum by pushing prices below chart support at Wednesday’s low of .9772. 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 .9840.
