The yen continues its unrestricted fall supported by the unremitting comments from P.M. Abe that this time said the BOJ should also consider maximizing employment as mandate, in other words putting even more pressure to central bankers for more easing. In addition Japan’s current account is in deficit for the first time since last January signaling that more must be done to support local exporters competitiveness. In the light of all these USDJPY recorded a fresh high at 89.35 and EURJPY similarly reached 118.60! Therefore the question is where does the skyfall ends for the Yen?
Technical Analysis
Trade Idea
EURUSD 4H Chart:
Breaking previous highs at 1.3300 area might accelerate gains towards 1.3385 and even 1.3500 in the short/medium term. Some decent support at 1.3170 and 1.3140. 
EUR/USD H4" title="EUR/USD H4" width="902" height="540">
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This document should not be relied upon as being an impartial or objective assessment of the subject matter and is not deemed to be “investment research” as defined by the applicable law. This document has been issued by TFI FX only for information purposes and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action.
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Yen 'Skyfall' : January 11, 2013
Published 01/11/2013, 04:57 AM
Updated 04/25/2018, 04:40 AM
Yen 'Skyfall' : January 11, 2013
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