Currency strategists at Okasan Securities are certain that the pair USD/JPY will remain strong for some time. The specialists claim that the greenback may rise versus Japanese yen during the coming weeks to 86.00 that’s the level reached right after September currency intervention of Japanese monetary authorities.
According to Okasan Securities, technical levels with plenty of stop-loss buying orders are found at 84.00, 85.00 and 86.00.
Among factors helping US dollar strengthen there are declining commodity prices, increasing US Treasury yields and the deepening concerns about the euro-zone’s debt crisis.
Chart. H4 USD/JPY




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