FXstreet.com (Barcelona) - MIG Bank analysts are short on the USD/JPY as it resumes the downside below 78.62, now targeting 77.65 (Jun-1 low). “We remain of the view that a re-test of the all time low at 75.35 is feasible, but also note that should it occur it is likely to be short-lived”, wrote analyst Bijoy Kar, pointing to chances of BoJ intervention if the pair does go under 77.65.
Forex Flash: USD/JPY under 77.65 may trigger BoJ intervention – MIG Bank
Fri, Jul 20 2012, 13:29 GMT | FXstreet.com
USD/JPY Jun 19 at 16:59 GMT
95.14/15 (-0.20%)
H95.72 L 94.83
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Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
