The Dollar-Yen exchange rate fell a sizeable 0.88% on Wednesday and is seen at 104.50 on Tuesday. Following the sizeable move, analyst Richard Perry at Hantec Markets considers the potential next levels the pair might achieve.
Read more: Japanese Yen Strength Could Push USD/JPY to 104.00 Next
The Dollar-Yen exchange rate has fallen half a percent to 104.94 in mid-week trade, a move that is consistent with the view of analyst and technical forecaster Richard Perry that any strength in USD/JPY offers up a fresh chance to sell.
Read more: Dollar-Yen Forecast: "Moving Towards a Test of 104.90"
The Dollar-Yen exchange rate is at 105.39 at the start of the new week with the exchange rate retaining a narrow multi-day range. Analyst Richard Perry of Hantec Markets says technical studies suggest any short-term strength is an opportunity to sell.
Read more: Dollar-Yen Biased Towards Downside, Sell Rallies
The Dollar-Yen exchange rate has edged higher to 105.55 over recent sessions, but the Yen remains favoured according to technical studies by Richard Perry of Hantec Markets.
Read more: Dollar-Yen Strategy: Keep Selling into Strength says Hantec
The Dollar-Yen exchange rate failed to breach above 106 and has since retreated lower to current levels around 105.25. Analyst Richard Perry of Hantec Markets says technical signals point to downside pressure targeting the 104.90 October low.
Read more: Positive Yen Bias Intact