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Yesterday, we saw 2 trades at the Support. 3 level and both those trades got to the take profit level.
All the trading levels for this pair today have been already broken by this pair for now, These typical charts have been already Intervened by the Central Bank Of Japan. In this case, every technical issue did not work!
Market Outlook:
Yen is currency back into the record gains against the dollar after Japanese Prime Minister Naoto Kan won the party leadership election. With his victory as the leader of the Democratic Party of Japan (DPJ), but even back in the market overshadowed by the threat of intervention by the BOJ, investors worried that the Yen could affect the performance of particular companies that have a relationship with the exporter. Japan Central Bank itself has been considering the level of success if intervention measures carried out only by the BOJ itself without the support of other Central Banks. Throughout this two-day trade in visible trade Dollar/Yen continued to press the dollar and strengthening yen.
