The greenback is testing weak support at ¥76.50. The BOJ is unlikely to succeed in preventing further appreciation of the yen, to a medium-term target of ¥73.00.
* Target calculation: 76.50 – ( 80.00 – 76.50 ) = 73.00
The greenback is testing weak support at ¥76.50. The BOJ is unlikely to succeed in preventing further appreciation of the yen, to a medium-term target of ¥73.00.
* Target calculation: 76.50 – ( 80.00 – 76.50 ) = 73.00