USD/JPY (a 4-hour chart)
The Japanese currency was under the general market sentiment pressure. Initially, the yen declined against the dollar, on the risks of a monetary policy possible imminent tightening in the U.S., and then grew when the Fed protocols disappointed "bulls" on the dollar and sharply reduced the U.S. "Treasuries" yields. As a result, the dollar/yen trading was closed almost on the opening prices.
The price is finding the support 101.00. The price is finding the first resistance at 102.23, the next one is at 101.60.
There is a confirmed and strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement and form a “Dead cross”. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price shows a downward movement.
The yen strengthening against the greenback is expected in the short term, lowering the price to 101.00 - 101.20.