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...
USD/JPY fell on Tuesday, as traders sold the USD against most currencies. The main reason is that nothing bad came out of Europe for once.
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...
The pair remains under pressure with a long term bearish outlook.
The Dollar Index (DX) continued to appreciate after finding support at 73.60 ranges on August 29, 2011 on the event of softer equity bourses across the world. Double dip depression in the US is still glooming resulting...
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....
