The Japanese Yen is down nearly 1% against the US Dollar this week with USD/JPY now testing near-term downtrend resistance. The immediate focus is on a break of a well-defined weekly opening range in price. These are the updated targets and invalidation levels that matter on the USD/JPY charts heading into the close of August trade. Review this week's Strategy Webinar for an in-depth breakdown of this silver price setup and more. Technical Outlook: In last month’s USD/JPY Price Outlook our ‘bottom line’ noted that we favored “fading a spike higher” as price was approaching downtrend resistance (109.42) at the upper ... (full story)