USD/JPY At Key Level
Finally, after couple of weeks of trying, the USD/JPY broke through the 84.70 support and made new 15 year low. It dropped 83.58 before a correction set in.
Finally, after couple of weeks of trying, the USD/JPY broke through the 84.70 support and made new 15 year low. It dropped 83.58 before a correction set in.
Finally, after couple of weeks of trying, the USD/JPY broke through the 84.70 support and made new 15 year low. It dropped 83.58 before a correction set in.
The JPY made a comeback from a 15-year peak on the USD and a nine-year high on the EUR on Wednesday due to chances that Japanese authorities may indeed take steps such as yen-selling intervention to encourage the yen's rise.
The JPY made a comeback from a 15-year peak on the USD and a nine-year high on the EUR on Wednesday due to chances that Japanese authorities may indeed take steps such as yen-selling intervention to encourage the yen's rise.
The JPY made a comeback from a 15-year peak on the USD and a nine-year high on the EUR on Wednesday due to chances that Japanese authorities may indeed take steps such as yen-selling intervention to encourage the yen's rise.
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On Tuesday, the Japanese Yen experienced a strong rally. All of JPY pairs broke through important supports and moved anywhere from 100 to 300 pips. During the New York session, this move ended and new supports were formed.
On Tuesday, the Japanese Yen experienced a strong rally. All of JPY pairs broke through important supports and moved anywhere from 100 to 300 pips. During the New York session, this move ended and new supports were formed.
Japanese Finance Minister Yoshihiko Noda told reporters he would respond appropriately as needed, an expression he has not previously used in his campaign to talk the currency down.