Stronger Yen Long Term

01/14/2009 3:15 pm EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

chart

The weekly chart of the JPY/USD shows the dollar's drop from the mid-2008 highs at 110 to the late-December lows near 87. The completion of the multi-year triangle formation suggests that the yen will continue to be strong versus the dollar. Downside targets are in the 75-80 area.

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