Yen Stays Strong

11/12/2008 2:44 pm EST

Focus: GLOBAL

Thomas Aspray

, Professional Trader & Analyst

chart

The dollar dropped below the 95 level Wednesday (not shown on chart) as the yen has continued to strengthen versus the dollar. This chart shows the dollar decline from the 110 level as the strength in the yen has correlated with the drop in the stock market. A test of the October lows at 90 looks possible, as Mo is declining.

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