FXstreet.com (Barcelona) - The Dollar - Yen has been moving slow this week, and according to Nicole Elliot, senior technical analyst at Mizuho Corporate Bank, we continue watching for signs of topping: Marginally more interesting as we dip to the nine-day average at 103.50. We continue to watch for small signs of topping but moves have been so slow this week that maybe we shall have to wait until next week for a more interesting chart.

Concerning strategy, Elliott advices: Attempt shorts at 103.85, adding to 104.35; stop above 105.25. Short term target 103.00, then 101.50.