Yen Technical Outlook

Published April 3rd, 2008 - 04:52 GMT
Al Bawaba
Al Bawaba

An A-B-C correction should come to an end within the next few weeks. 



Wave C is viewed as underway from 98.56.  Wave C would equal wave A at 103.88, very close to the former 4th wave extreme at 103.58.  Near term support is near 101.50.  View our Yen and Dow special report from yesterday for more on the USDJPY.