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Forex pairs in this Article » USD/JPY (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that following a stated 90 target for USDJPY, the Yen's slide has been relentless.

While he had thought that there would be profit taking as that level approached, he is becoming more concerned for an overshoot, in which case the 93-95 level appears possible. He writes, "Relative strength and MACDs are not indicated an over-stretched market. Nor are there any bearish divergences. The one cautionary note is that the stochastics turned down. Initial support is seen near JPY88.45."
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