USD/JPY fell on Monday as traders continue to look for safe havens. However, the Bank of Japan has been very supportive of this pair lately, and one has to think that it is only a matter of...
After the Dollar Index corrected to 76.00 ranges, it gained to currently trade at 77.80 ranges, the major trend indicates it appreciating to 79.00 ranges before resuming downwards. Double dip depression in the US is still glooming...
The Greenback continued to trade firm against most of the FX majors on the event of continued correction in the prices of most of the asset classes especially the equities. Double dip depression in the US is...
USD/JPY managed a slightly positive day on Friday as traders continue to respect the 76 handle as support in this pair. There are even rumors of the Bank of Japan intervening in the markets clandestinely at this...
USDJPY may be forming a cycle top at 77.85 on daily chart. Another fall to test 75.96 key support would likely be seen next week, a breakdown below this level will signal resumption of the long term...
The USD/JPY pair originally shot up during the Thursday session, but quickly retreated as the word got out that 5 central banks are increasing the available Dollars for banks to lend each other in Europe.
Moody’s decision to reduce the credit rating of two leading French banks pressured the euro.
The USD/JPY pair fell on Wednesday as traders continued to dump the USD in general. The markets were choppy during the session, but the events in Europe are still leading the charge as far as direction overall.
The pair has confirmed a downside pressure with a break below monday’s low and is now poised for a new test of 76,00 historical low.
European crises is spreading in Europe and the euro stays under pressure. Asian and European trading sessions: Euro: The Euro was trading near its maximums during the Asian session. Further strengthening of Euro currency was constrained by...