USDJPY update 06 Oct 2010 Wed - Forex Forum

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6th October 2010, 11:14

wink_market_raider wink_market_raider is offline

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USDJPY update 06 Oct 2010 Wed

Yen has reached the level where BOJ intervene the currency on 15 Sept.

With talk on further quantitative easing from U.S., who will lead the trend for USDJPY?

2 opinions for today:

a) Long at 83 with stop loss below 15 Sept low. Target 84 exit.

b) Observe till Fri NFP announcement to have clearer direction of trend.

Regards,
WINK Associates
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