Yesterday the Yen confirmed a bearish pattern on the daily chart which projects down as far as 1.0340, its “D” target.  This is slightly below the “D” target of a larger pattern which is perhaps more analytical than actionable, shown in grey on the attached graphic.  If the Yen is itching to turn back up, it might do so at the midpoint pivot of the new pattern (shown in red on the chart), which comes in at 1.0632.  But we will recommend trading the “D” target with a buy at 1.0342 and a stop at 1.0334, for a hypothetical risk of $100 per contract.  (Posted by Doug McLagan)