Japanese Yen: Trading At Critical Levels
Posted on May 11, 2009 at 10:59 AM EDT
The U.S. dollar has sold off significantly against the Japanese Yen over the past 2 trading days. It is nearing a very important support level. If it breaks that level, we could see a test and potential break of 95. Given that equities are pressuring USD/JPY lower, a “break” of the 95 [...]