The dollar/yen kept falling. Oil prices falling became a catalyst for the decrease. The oil further decrease is high, because the lack of possibility of any production freeze the near future. The investment outflow from Japan may weaken the yen further, still it is not very large as the financial year barely began in the country.
The price is finding the first support at 109.80, the next one is at 109.00. The price is finding the first resistance at 110.60, the next one is at 111.40.
There is a confirmed and a strong sell signal. The price is under the Ichimoku Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a horizontal movement. The downward movement will be until the price is under the Cloud.
The MACD indicator is in a negative territory. The price is decreasing.
If the price fixates below the support 109.80, it may continue the downward trend in the short term. The potential target is 109.00.