Technical analysts at Mizuho Corporate Bank note that the market was already extremely nervous when the speculation about the intervention or, according to other opinions, the system problem in Tokyo made the pair USD/JPY jump from 80.44 to 81.60 within minutes after the Asian session began with the new multi-year minimum at 80.21. After making the spike high the pair returned to the 80.40 area.

The specialists advised investors to be very careful in their trade. In their view, the record low monthly close means that US currency will with no doubts survive further declines testing the all-time minimum at 79.75. In addition, Mizuho thinks that weak dollar would suit US’s interests quite well.

The strategists recommend trying small shorts at 80.55/80.80 stopping above 81.15.

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