Flash: Yen Weakness continues but doubts persist Abenomics-BBH

FXstreet.com (Barcelona)-Marc Chandler, global head of currency strategy at Brown Brothers Harriman notes that continued weak Yen, USD/JPY Trading to its highest level since October 2008, just under 104 during the Asian session soon.

Key quotes

"This eclipsed the may high near 103.75, and the next major technical objective seems to be high near 110.65 August 2008".

"Some intermediate resistance is likely to be seen near 105, and the move will most likely be a slow grind higher as doubts persist about the effectiveness of Abenomics".

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