Forex Market Updates & Commentary |  |
| Posted: 08 Oct 2010 10:17 AM PDT China’s Zhou says China’s stimulus package may create some inflationary pressure. |
| USDJPY below channel support at 81.95 Posted: 08 Oct 2010 08:02 AM PDT
The USDJPY has moved below the channel trendline support at 81.95 currently on its way to a new 15 year low level at 81.72. The trend down comes as government officials meet at the IMF summit. The hiatus has given the market the opportunity to probe the downside. |
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