USDJPY – Low of the lows

Last time we could see something like that with DOLLAR/YEN was in 1995. Loong time ago in the world of Forex. Time when the word 'EURO' was officially adopted and four years before the EURO was officially introduced to world financial markets as an accounting currency. Yen is getting stronger and stronger and that's something what Bank of Japan is not happy to see. What to expect? Maybe possible intervention from the BOJ side which would need a massive injection in matter of houndreds of billions to actually change something and still it won't be clear and very risky. From the technical side we can see double bottom forming around 84 level. As always it is important to watch all possible time frames especially those with longer term picture (daily & weekly) and wait for the volume to guide us through these amazing times. Making steps now would be clearly just a gamble.