USD/JPY (a 4-hour chart)
The yen is rising in price against all 16 key currencies amid falling stock market indices in developing countries, stimulating demand for safe-haven assets. Emerging-market currencies also fell significantly amid growing investor confidence in the fact that America's economy is strong enough to start rolling incentives.
The pair was likely to trade in the 98.00-99.00 range due to the lack of new landmarks. If the tension associated with Syria worsen, the pair may fall.
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 above the cloud. The Cloud is neutral.
Bollinger Bands follow the price up. The indicator shows a high volatility.
MACD is in a positive area and is growing.
We can see a formation of the ascending channel to the lower base of which the price may go today. The crosshair of the 97.65 support level and a rising trend line is a strong obstacle. It is possible that the approach to this level will be followed by a rebound up to 98.40 resistance level.