The Japanese yen continues to decline against major currencies on Tuesday, because the recovery of the stock market and tolerable auction results on placement of government bonds in Japan helped ease risk aversion by investors.
Trade Recommendation: Buy the pair at a penetration of 128.00-128.50 resistance area (in this case can be used as a pending order buy-stop, and "manual" input) with the immediate goal of 129.70 and a distant prospect - the level of 131.00
Analyst Andrew Batensky
Grand Capital