Dollar vs. Yen Chart 26 Nov 2009

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