In terms of the 5 week RSI, the Yen is the most oversold it has been since 2018.

Additionally, it is hitting the rising 100 WMA as we speak.

Also, the weekly MACD is finally crossing below the zero line, indicating a reset in terms of momentum and the weekly stochastics are oversold.

While anything can happen, I am expecting a lasting low within the next 2-3 weeks.

There is no doubt in my mind that a weak yen is not doing the miners any favors and we should see the miners bottom simultaneously or within a few weeks of the yen.

There is no guarantee obviously, as oversold can become more oversold, but if you are even remotely bullishly biased on the metals, you want to see the Yen strengthen.