USD/JPY (a 4-hour chart of which is shown) as of Thursday (8/19/2010) morning has once again reached down to the key 85.00 region lows after dropping today from near 86.00. This occurs within the context of a strong, accelerated overall downtrend extending from the June high. In the event of a strong breakdown below the 84.70 long-term (15-year) low hit just last week ... For more USD/JPY forex technical analysis, please click here.

James Chen, CTA, CMT