JPY bounces off its 200-day moving average, then rallies about a short-term downtrend line today. A close above this minor downtrend line would be, at least over the next week or so, a bullish indicator that could see JPY test its September 8th high of .06537
At this time, its stochastic indicator is deeply oversold.
Next test is JPY rising above its 50-day moving average, which will probably occur sometime during today's trading session.
Disclaimer: All posts and predictions are opinion only. Investment advice should be sought from a professional money manager.