Friday, October 15, 2010

Yen Dilemma




Japanese Yen presently trading at crucial levels around 81.20 which is very much near to the 15 years low of 80.43 (April 1995). Break below this level certainly not healthy for Japan. It is heard in the market that there is constant intervention in the market by the BOJ to check the strength of Yen. Kindly refer the enclosed chart.



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