USD/JPY (a 4-hour chart)
The 2-year US Treasury bonds yield set a fresh low for the past twelve weeks. We note that the yield has dropped by 30 basis points since the beginning of this year.
The first support resides at 117.00, the next is at 116.20. The first resistance stands at 117.80, the next one is at 118.40.
The price is in the Ichimoku Cloud and it is above the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement.
The MACD indicator is in a negative territory. The price is decreasing.
If the price fixates below the support 117.00, it may continue the downward trend in the short term. The potential target is 116.20.