The dollar broke through primary support at ¥85 and is headed for a test of support at the 1995 low of ¥80. Bank of Japan intervention grows increasingly likely as the yen strengthens and should prevent any further appreciation below ¥80.
Printable View
The dollar broke through primary support at ¥85 and is headed for a test of support at the 1995 low of ¥80. Bank of Japan intervention grows increasingly likely as the yen strengthens and should prevent any further appreciation below ¥80.