USDJPY Tests the Weekly lows
31
Aug
2012
2012
The USDJPY was the barometer of risk today. After the release of Ben Bernanke's speech at Jackson Hole the pair moved down to test its weekly low but could not find the momo to break below. Heading into next week the 78.15 level will be the price to watch a break of the 78.15/00 level could open the pair up to a run towards its year to date lows. Of coarse intervention talk will begin once again around these levels. Resistance is still the top of the current range at 78.70.
Sup 78.15
Res 78.70
Keane Plan....Watching for a bounce or break of the 78.15/00 zone
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