Friday (726 days) the European market intraday USDJPY line extended losses to 98.50, 98.26 or previous lows will be tested. Mixed U.S. data released this week, making the exchange rate on the red fail. If the closing confirmation below 98.70, then the exchange rate is expected to decline further expanded.
technical side, the U.S. dollar against the failed to break through key resistance at 100.50 while weakening retest 98.70 key support. If this level is exceeded, then the closing means further decline in open space will be obvious. 4 hours chart is nearing completion on a nine buy signal, but it seems not enough to change the market trend is expected to rebound in the near 99.40 encounter new challenges. After finishing the triangle broken bits, bearish engulfing combinations, probability of the exchange rate continued to decline significantly.