Friday, November 16, 2012
Comments by high level Japanese Government officials regarding a potential change in leadership, as well as higher inflation targets, have sparked aggressive selling in the Yen, which has fallen by over 350-pips the past two sessions. Prices are now hovering near the key 61.8% Fibonacci retracement level drawn from the March 2012 lows to the recent highs made in September. Should this support level fail, a longer-term test of those March lows just above 1.1900 would … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards