USDJPY Apr 16 to Apr 20 Outlook

Recap
Whatever excuses the analysts pointing out that you can go long ninja last week are just excuses. They do not have a clue that the consolidation phase is not completed yet. As expected weaknesses continue and ninja closed below Y-1 in a tight range week.

Outlook
Almost there at the long term (monthly and higher timeframes) support of slightly below 80 area.

Will watch closely for a bottom to form in this 79.5 to 80.5 zone.