http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-jpy/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-jpy/2009-01-08.htmlComment: Dollar/Yen moves in the second half of last year were a bit bigger than we had expected as the ‘carry trade’ (in its many guises) unwound amid the biggest global financial mess. This year should prove equally tough, so at least we cannot blame the element of surprise. During Q1 2009 USD/JPY should hold above the pivotal 85.00 area, with rallies probably capped at 96.00 initially although a push towards 100.00/102.00 some time early in Q2 cannot be completely ruled out. Before the endThu, 08 Jan 2009 16:14:03 GMThttp://www.fxstreet.com/technical/analysis-reports/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-jpy/2009-01-08.htmlhttp://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-jpy/2008-06-16.htmlComment: Yen moves in Q1 2008 were faster and bigger than we had expected but we have now moved into the corrective phase we had predicted for Q2. This has been dominated by a cautious counter-trend rally moving back up towards 110.00/111.00. Consolidation below here and above 100.00 for much of Q3 is our favoured view, prior to another downside test of key support between 100.00 and 95.00 in Q4. Note that all of the above assumes relatively orderly markets. Should the ‘carry trade’ unwind weMon, 16 Jun 2008 14:03:32 GMThttp://www.fxstreet.com/technical/analysis-reports/Nicole.Elliot@mhcb.co.uk (Mizuho Corporate Bank)http://www.fxstreet.com/technical/analysis-reports/one-year-outlook-for-jpy/2008-06-16.html