DislikedA drop below 76.00 is to be expected if and when Uncle Ben decides to go for a QE3. Given the state the US economy is in, chances of such action are more than average.
As the BOJ is active only verbally this drop below 76.00 could be a prelude to a further drop to 73.00-74.00
The fact that previous resistance, 77.20, is given back with ease this morning (no looking back), says it all: Jpy is about to resume it's path north.
Remember: the dollar, their currency, your problem.Ignored
If there was easy money lying around,no one would be forcing it into your