Wednesday, February 13, 2013

The Yen Slipped Down 92.50, followed in the range of areas of Support 78.52 – 91.95

Yen Tergelincir Kebawah 92.50, Diikuti Area Support Di Kisaran 92.35 – 91.95

Monexnews-with China and Japan Stock Exchange which closed a holiday-related, Yen noted was at 92.50, off of the low session at 78.52 points, down 0.15 percent from the previous week's closing day Friday. As Sean said Lee, founder of FXWW. The strengthening Yen in yesterday's session, there was a related comment from Taro Aso, Minister of Finance of Japan. A lot of the interpretation he says (Aso), the analyst added, but whatever the intent of the statement, the action moves to sell the Yen aggressively as they back worrying about the existence of a G20 Summit in Japan to a more aggressive step, summed up Sean Lee.

"With the top brass in Japan that will see the Yen depreciating further, movement of the rally that has seen in a couple of weeks earlier will probably give political and economic risks as those countries currently in kritiks hard from the neighbours theme song while many market volatility causes problems for the export sector as corporate hedging," said Boris Schlossberg of BK Asset Management.

Support for the Yen's decline is close in the low session at 78.52 points, followed by the low day last Friday at 92.17 and low February 5, at 91.95. For the movement of the accession, the nearest being in high resistance session is currently in, followed by high 92.76 session AS/1 February at 92.91 figures/96, and the high February 4 at 93.20.

(AR)



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Title Post: The Yen Slipped Down 92.50, followed in the range of areas of Support 78.52 – 91.95
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