BBH - A correction can see the dollar slip back to the JPY88.00 area and possibly JPY86.00

BBH - "The dollar's push to almost JPY94.80 on Monday seemed to complete the multi-month advance.  The JPY90 level seems to be the key to whether there is a broad side ways consolidation of a outright correction.  A correction can see the dollar slip back to the JPY88.00 area and possibly JPY86.00.  This would be broadly consistent with a protracted period of political uncertainty in Europe and soft US yields."
Marc Chandler, Global Head of Currency Strategy at BROWN BROTHERS HARRIMAN

Views: 41

Tags: BBH, Brown Brothers Harriman, JPY, Japanese Yen, Marc Chandler, USD/JPY, USDJPY, Yen

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