"USD/JPY may decline to 83.80"

[sarahfx]

The Mizuho Corporate said on Monday that influence by the overall weak USD and the Economic indicators of United
States last Friday, the USD/JPY may declined to 83.80.
The new house sale data released by the Commerce Department last Friday was poorer than the expected, and the forex
believed that the possibility of Treasury yield rate has further upward trend is small, which led to the USD suffering pressure.
The bank predicted that due to the forex investors keep eyes on possibility of Japan interposing forex market; it is difficult for
USD/JPY to break through 83.80.