By: Bastian Rubben
USD/JPY
The Japanese Yen is not impressed by the everything that is going on in the financial markets and it keeps strengthening. If the BOJ does not interfere soon, the investors might take the JPY to the level of 75.5 again. Meanwhile, the pair has returned to the channel in which it was traded before the BOJ intervention (76.5-77) and it might be held there for weeks until it breaks on of the channel's boundaries. A break-up of 77.0 will be a bullish signal for the USD, but a break-down of 76.5 might start a new bearish session.
