Yen Technical Outlook

Published February 27th, 2009 - 07:36 GMT
Al Bawaba
Al Bawaba


The USDJPY has weakened following the test of the 50% retracement of the decline from 110.71.  The advance to 98.75 may have completed a 3 wave advance from 87.09 that is the beginning of a larger, choppy correction.  Former resistance at 94.67 is potential support.  Staying below