97,97. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The price is just above 97,65 support. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 97,60 (37 pips). The consolidation should continue. If the support breaks then the target will be 94,50 (347 pips).
98,25 - 98,85
97,60 - 97,15