The Japanese will be back in the market today after their holiday yesterday looking at the rates for the first time since the Non-Farm numbers in the U.S. on Friday. Dollar Yen is a big figure lower from where they left it when Tokyo closed on Friday.
Following the pummeling of the dollar against the Yen earlier in the day when it fell from 92.60 to 91.95 in a relatively short space of time the dollar Yen has traded in a fairly tight 91.85 – 92.15 range since but still looks like it has more room to go lower.
Currently trading at 92.04/07.
