Saxo Bank analysts say the yen’s rally appears sustainable. USD/JPY fell to a
six-month low of 152.89 early Tuesday before retracing. Analysts say the move
leaves the dollar close to testing its year-to-date low of 152.10 and comes less
than a week after USD/JPY had traded above 160.00. They call it the most
persistent rally in over a year, now in its fifth day.
