Breakout in Japanese Yen Should Trigger “Verbal Interventions”

Hyerczyk, TraderPlanet.com — Wed, 01 Feb 2012 10:19:35 +0000

Weak U.S. economic data is triggering a flight-to-safety rally, driving investors into the March Japanese Yen. After meandering inside of a tight range for several months, the Yen finally broke through the November 18 top at 1.3101, sending a message to Japanese officials that speculators may be preparing to mount a challenge of the October 31 intervention high at 1.3279. So far Japanese officials have been silent on the matter, but there is no doubt that the rise in the Yen is a concern espe...

Protected: The Line in the Sand January 23, 2012

mbwealth, TraderPlanet.com — Sun, 22 Jan 2012 17:38:46 +0000

This post is password protected. To view it please enter your password below:

Password:

TraderPlanet.com :: Commentaries tagged (japanese-yen)

Breakout in Japanese Yen Should Trigger “Verbal Interventions”

Protected: The Line in the Sand January 23, 2012