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  1. 12-29-2008, 12:23 AM #1
    willkaz
    willkaz is offline Member
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    Default Japan may intervene against yen

    Reading this Reuters article

    Japan government seems to dislike the current rise of the yen versus USD and may intervene. As dollar is once again today going seriously down, it sounds like we are in for an official intervention.
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  2. 02-21-2009, 01:53 AM #2
    Jenforex
    Jenforex is offline Senior Member
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    Chart Analysis: More USD/JPY – this time a 5 month look

    As we said yesterday, the deviation of Dollar/Yen with respect to its historical patterns in terms of its connection with the risk appetite of Forex traders is a problem that could mean additional weakness for the Japanese currency. Its break above 92.40 is significant technically. This is now the new support level and the JPY/USD is setting its sights on the moving average for the past 100 days, somewhere near 94.00 as well as the 2009 high up at 94.62.
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