On Thursday, the yen strengthened against the dollar by 0.11% against the growth of the dollar index by 0.79%. It is also symptomatic that USD/JPY fell amid a 0.61% decline in the S&P 500 - this shows, albeit in part, the yen's reaction to speculators' withdrawal from risk.
The growth of the stock market is in doubt, as yesterday the indices fell on data on US GDP growth for the 3rd quarter by 2.6% y/y.
Technically, the price develops between the price channel lines at 145.55 and 147.54. Overcoming the resistance may still extend the rise to 150.00, but a breakthrough below 145.55 will open the first stage of decline to the MACD line of the daily scale around 144.25. Breaking the MACD line will open the 141.62 target. The Marlin Oscillator is declining in negative territory, which increases the likelihood of a downside scenario.
The trend is fully downwards on the four-hour chart. The main obstacle for the bears is the support level of 145.55. It is necessary to settle below it, and then other bears will join them.
