BizSugar.com › Raising Capital › Yen/Yang? | My Wealth Blog

In this article, Mike Conlon expresses his opinion about the trend of the pair USD/JPY. There could be a major reversal technically due to the huge hammer price action. Fundamentally, Japan reported that consumer price fell a record 2.4% as deflation is putting further pressure on a already fragile Japanese economy. Also, Bank of Japan Officials and others are trying to talk down the Yen, whose strength could harm Japan's export. Meanwhile, there is a vocal saying that the US will not going to let the US dollar completely tank.