Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Weekly Market Outlook And Forecast: Dollar Yen Next Week

The Dollar Yen pair will be approaching significant Fibonacci and channel confluence this week. The area could be hit as early as tonight or tomorrow. This is a significant area of interest and could provide resistance and a bearish reaction. It is unclear whether that bearish reaction would be simple a retest of the recent low, or a more significant bearish move to the lower 90s or below.