With the markets down all over the globe and Yen on the upswing against USD, I believe the Yen to strenthen a little bit more over the next couple of days and specifically testing the 118.20 and 118.00 mark tommorow. Though It may open at around 118.85, I expect it to move a bit down, doing most business at the 118.40 to 118.55 range. As far as the possibility of weakening is concerned, I believe if that happens then the currency may get stuck between 119.20 to 119.35.
Keeping my fingers crossed.
New direction to the markets?
11 years ago
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