FX.co ★ Analysis of JPY/USD Market Manipulations for August 27, 2010

The Bank of Japan does not need a high yen, thus, all its efforts will be directed to the intervention of the yen directed to reduce its rate. I foresee a decrease after breaking through the trend channel and also after the price fixation below the level of 1.1745.
Trading recommendations:

- Sell after the break through the trend channel and the price fixation below 1.1745 with a target 1.145 and 1.123.