Forex Trading: Japanese Yen trading close to record highs

by Joe Oliver, Forex Trading-Pips

Forex Trading: The Japanese Yen  traded close to record highs versus the dollar on Monday after Japan’s exports rose in September more than forecast  increasing 2.4 percent from a year earlier. Japanese Finance Minister Jun Azumi and Chief Cabinet Secretary Osamu Fujimura indicated they are ready to intervene in the currency market in an attempt to prevent further Yen appreciation. While intervention remains a clear possibility, the long term trend in USD.JPY remains down.

Forex Trading, USD.JPY Weekly Bars

Forex Trading, USD.JPY Weekly Bars