The Dollar Index is trading flat at 79.42 after finding support at 78.70 ranges; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges.
The USD/JPY pair fell during the session on Thursday, but bounced off of the 78 handle as we have suggested it would yesterday. This shows that there is quite a bit of support at 78 as we...
The USD/JPY pair had a fairly wild day on Wednesday as it initially broke above the 79 handle, only to be turned around and slammed back down to the 78.30 area. We still maintain that the Bank...
The Dollar Index is trading firm at 79.38 after finding support at 78.70 ranges; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges. Though the major trend is bearish, the USD seems...
Market review for 18.09.12: The started yesterday the two-day meeting of BOJ in the focus of market participants.
The USD/JPY pair rose during the session on Tuesday as the market continues to press him on the 79 handle. We think that a break above the 79 handle would lead us to the 80 handle relatively...
Market review for 17.09.12: The Australian dollar fell amid escalating tensions between Japan and China.
The USD/JPY pair rose during the session on Monday as the rally continued. We approached the 79 handle again, but failed at the end of the session to close above it. We do think that this market...
The Dollar Index is currently trading at critical support of 78.70-78.20; further fall is expected only on the Dollar Index consistently trading below 78.00 ranges. Though the major trend is bearish, the USD seems to be over...
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