Dollar Yen Technical Analysis
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January 22, 2013 - 2:19pm
USD/JPY Technical Analysis – FX Price Action Update – WC 21/1/13
by Nick Simpson, Forex-fx-4x.com
The Japanese yen has weakened further after a USDJPY pullback to the 88.00 area met with significant demand earlier last week.
USDJPY is now trading over the 90.00 handle for the first time in over two-and-a-half years, amid speculation the yen will drop further as the BOJ (Bank of Japan) looks to aggressively drive economic growth.
The USDJPY pair has now experienced 10-consecutive weekly basis gains, and climbed 0.2% this past week, to close around the 90.10 area.
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