Yes, adjusting bolts behind the rear guide wheels. The heads face toward the front of the machine. The old machine had a tool kit that came with it with the wrench to adjust the track, but a deep 14 mm socket for the jam nut and a 12 mm socket for the adjusting bolt should do.
Next, rev it a little bit, and check for alignment. Yamaha uses the spec of 1.5" of deflection with a 22 lbs pound weight on it, although I find that too tight. I keep mine at 1.5" with a 10 lbs weight fine, and never had it ratchet.
My Current Sled:
1997 Yamaha Vmax XTC 600 Twin ER 6290 MI - Stock... for now...
1979 Yamaha Exciter 440 6042 MI (9825 KM)
1979 Yamaha Exciter 440 7,000 MI (11266 KM)
WAKE-UP AND SMELL THE TWO STROKE
2012-2013 Miles: 1739