The Japanese Yen has strengthened over the past few trading sessions and after the USDJPY broke down from the 100 level we may see the 95 level targeted next over the next few trading weeks. History tends to repeat itself and we could see a stronger Yen over the summer months and into fall unless some major unforeseen event will cause the Yen to weaken.
I would not be surprised to see a set to lower highs and lower lows going forward on all Yen crosses. Interesting to see how the Yen behaves going forward as analysts are all over the place with their year-end predictions as always. The majority tends to be in the camp calling for a much weaker Yen going forward and have a 2015 target of 120. I think we will see more of the same out of Japan as we have in the past two decades.
I would not be surprised to see a set to lower highs and lower lows going forward on all Yen crosses. Interesting to see how the Yen behaves going forward as analysts are all over the place with their year-end predictions as always. The majority tends to be in the camp calling for a much weaker Yen going forward and have a 2015 target of 120. I think we will see more of the same out of Japan as we have in the past two decades.
