Chart Analysis: USD/JPY

Wednesday, November 25, 2009

A lot of focus is on the USD/JPY this week after today. If the pair closes the week at current levels or lower, it would be the lowest weekly close since 1995. These low levels are coinciding with the US 10-year benchmark skating along the key support at the 200-day moving average. A continued sell-off in the USD/JPY could be precipitated if yields continue to drop from here.


1 comments:

Forex Educator November 25, 2009 at 9:11 PM  

Looks like USDJPY is going to 85.00. Many people want to buy USDJPY when it was at 88.50, I discourage them, helps to save them from losing money.

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