Moving Average
USD/YEN closed lower on Friday and the mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish hinting that a high might be in is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term high has been posted. If it renews this year's rally, monthly resistance crossing is the next upside target.
