USD/JPY (a 4-hour chart)
Yen is a currency which is usually bought when things get risky in the world. All USD/JPY investors will pull the rope in the short term. While the "risk appetite" is weakening both the yen and the dollar, experience the inflow. However, the global players in favor of the yen as a save-haven, forget about it when the sea calms down.
However, Kiuchi and Ishida are worried that there won't be any growth of exporting Japanese products as long as the global economy recovers more slowly.
The current sell signal is strong and confirmed, as Chinkou span entrenched below the price and the price is below the Ichimoku cloud
The downward movement will be relevant as long as the price is below the critical Kijun-sen line if the price consolidates above the Kijun-sen, the "dead cross" will be weakened and may be canceled.
Tenkan-Sen and Kijun-Sen are crossed in a descending "dead cross". Kijun-sen is moving in a horizontal direction parallel to the cloud, and the Tenkan-Sen continues to grow. The price is below the cloud. The Cloud is growing.
Bollinger Bands follow the price up. The indicator shows a high volatility.
MACD is in a negative area.
The support 98.70 is in the center between the two trend lines that form a symmetrical triangle. By itself, the support level 98.70 plays the key role. When the price rebounds from it the potential target of the growth will be the downward trend line, located near the resistance level 99.30.