The pair just rebounded on the 89.80 yens per dollar support. Right now, traders expect that the Japanese currency will remain as the safe haven with the most demand, even if the current trend is caused by the dollar's weakness, after the G20 summit in Scotland.The pair is now trading at 89.83 yens per dollar. The bands of Bollinger show a volatility of 60 pips in the hour, while the RSI with one hour candles is around overselling.

Finally, if we observe the Stochastic, it could give us selling signals within the next hour. If the trend doesn't shift, the target to watch is 89.60, while on the upper side the next resistance is at 90.27 (50-days MA).

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