i am also a big supporter of tech analysis but in this case we can and should not ignore fundamentals.
It is positive for Japan to have a weaker jpy in order to stimulate export which is very important after the tsunami and the nuclear chaos. moreover we probably see that ben is forced to increase interest rates mach earlier than that will happen in Japan.
It is positive for Japan to have a weaker jpy in order to stimulate export which is very important after the tsunami and the nuclear chaos. moreover we probably see that ben is forced to increase interest rates mach earlier than that will happen in Japan.