The Yen at the end of the week showed a slight recovery compared to the gloomy movement from the beginning of the week.
Analysts see the risk factor of market sentiment as having contributed to the Yen's recovery as a safe-haven currency.
Concerns over global markets have been fueled by unrest in China with the real estate crisis now increasing the risk.
However, investors remain wary of Yen trading following rumors about the central bank's intervention into the market.
As happened last February, the Bank of Japan (BOJ) has acted to intervene directly if the Yen is increasingly in a critical situation.
Looking at the chart of the USD/JPY currency pair, a bullish pattern has been displayed for two consecutive weeks until the price managed to break through the 146.00 level this week.
Previously, the attraction of the US dollar, which is also a safe-haven currency, overcame the Yen, which was shrouded in uncertainty.
On Thursday trading yesterday, the price reached 146,500 in the Asian session, recording the highest level since November last year.
Then the trend change pattern began to be identified when the price made a decline and moved below the Moving Average 50 (MA50) barrier level on the 1-hour time frame on the USD/JPY chart.
The decline continued today (Friday) towards around 145.00 in the European session for the price to test the RBS (resistance become support) zone.
A lower drop is seen to reach back to the concentration level at last August's trading which was 143,500.
On the other hand, if the price resumes the previous increase, a surge will be shown beyond 146.00 and reach the 146.00 level.
Overcoming yesterday's highs will record new highs for prices this year as the US dollar continues to strengthen against the Yen.
