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USDJPY - Forex Forecasts & Signals

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qarqun

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BoJ said that is ready for new intervention to prevent yen gains

News:
USD/JPY (84.19)
European & US sessions forecast levels: 82.85/88.10
Trend Sessions: European: Neutral
US: Neutral
Market Focus:
Daily Strategy: The Japan government announced that would do everything to stop further yen gains. This means that Bank of Japan is ready to make new intervention on the market if the trading fell below the current trading levels. The last intervention was made on 15th of September 2010 when the trading dollar/yen fall to 82.87. Bank of Japan probably will not allow movements down below 83.00.
 
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