Back
21 May 2014
USD/JPY opening doors below 200 DMA – BBH
FXStreet (Guatemala) - Within the recent ranges, Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the USD/JPY breaking lower for first time since last November.
Key Quotes
"The US dollar had slumped to a new three month low against the Japanese yen, pushing convincingly through the 200-day moving average (~JPY101.25) for the first time since last November.
“It has not sustained such a break since before the run-up to Abe's re-election as Prime Minister in late 2012."
Key Quotes
"The US dollar had slumped to a new three month low against the Japanese yen, pushing convincingly through the 200-day moving average (~JPY101.25) for the first time since last November.
“It has not sustained such a break since before the run-up to Abe's re-election as Prime Minister in late 2012."