Eoin Treacy's view I suspect that parity for some major commodity currencies is likely to offer the US Dollar some support and there is a little doubt that the Eurozone and Japanese export sectors are hurting from the relative strength of their currencies. The Bank of Japan stated they would defend the ¥82 level and while this has not occurred, I am reluctant to dismiss this as a possibility. I increased my long Dollar position against the Yen today paying ¥81.56 for a December contract.