1: Open Directory Project | The Web Directory Solution Google+ Economic news: USD-JPY - Moving away from the 200 moving average.

Wednesday, January 4, 2012

USD-JPY - Moving away from the 200 moving average.



After three interventions from BOJ the pair is still moving lower, with few test of the past low of  76.30 recorded on march the 17th 2011 the pair touched a new low around 75.55 in early November.
Is it going to test it again or shall we expect another intervention before it moves to new lows? Exporters in Japan are struggling to still be profitable with goods they sell abroad.

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