JPY Trading Outlook (15-02-2012)
The Japanese Yen (JPY) broke to fresh year highs and the highest since the interventions back in November to above Y78.30 resistance. The USD/JPY rally is receiving attention from many analysts with some calling the low in place and the improving US data the catalyst for a potential trend change. Many have been burnt buying the USD/JPY in the past decade but the bottom we have seen in the previous 6 months does help make the case that the downtrend is over.
Back to JPY Trading Outlook Archive