Is it surprising to say that the Yen is always very difficult to understand and trade ? The USD/JPY is now back under pressure despite the Dollar rally…
The USD/JPY fell after first rising during the Friday session to form a hammer just above the all-important 77 handle. Because of this, we are getting more and more interested in perhaps going long this pair.
No changed in our view, USDJPY remains in downtrend from 85.51, and the price action from 76.29 is treated as consolidation of downtrend. One more rise is expected next week, and target would be at 79.00 zone....
The US Dollar stepped back against the background of an increase in the stock
The pair continues to trade flat above its historical low (76,00) and we now wait for the market to start a meaningful move.
USD/JPY continues to drift higher, even after falling initially during the Wednesday session. The pair fell from the 77.50 level all the way down to the 77 area. The 77 handle proves to be supportive again, and...
Franc dropped after the announcement of the National bank of Switzerland.
USD/JPY rose rapidly on Tuesday as traders bought the USD across the board. The central bank of Japan certainly is happy about this move, and will not stand in the way of a weakening Yen, something they...
US dollar strengthens.
Market review for 29.08 – 2.09, 2011 After the diverse trading dynamics, by the end of the previous week the greenback reinstated its safe-haven status.