Dollar vs. Yen Chart 26 Nov 2009
The dollar yen chart is now at 14 year low as traders & investors piled into the Yen on a tumultous day on the currency markets. The dramatic rise in the Yen has prompted Hirohisa Fujii, Japan’s finance minister, to say that ” he was watching forex market moves very closely and that the country could take appropriate steps if moves were ”abnormal”, – these comments have helped to pare some of the yen’s gains but with 87 price handle having broken then 85 could beckon (BOJ notwithstanding).
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Support & Resistance for the Dollar Yen Chart :
S1: 86.87 R1: 88.22
S2: 86.40 R2: 89.10
S3: 85.52 R3: 89.57
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