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US Dollar / Japanese Yen (USD/JPY) : Approaching its daily resistance of 79.1

02/16/2012 | 09:16am US/Eastern

Parity has rebounded strongly in recent weeks particularly following the various measures taken by the Bank of Japan.

According to our analysis of 15/02/2012, buyers can take short term profits.

In contrast, buyers, whose investment horizon is long term, can once again position themselves to the purchase of parity on the crossing of the 81/82 JPY which should allow the release of a new upside potential in the direction of 85 and 90 JPY.

© 4-traders.com 2012
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