Chart Analysis: USD/JPY

Thursday, December 17, 2009

The Ichimoku cloud is approaching once again to the upside in the USD/JPY. This has been a key stumbling block for the pair’s rallies for some time. The disappointing news from the Federal Open Market Committee could provide a stumbling block for a move through the cloud as the Fed seems firm in their resolve to keep interest rates as they are for a while.

2 comments:

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ForexLoan December 27, 2009 at 6:52 PM  

Please Be careful about USDJPY for a month. Because for comming with new year US Goverment can change its' strategies in ASIA. So this can be harmful for the rate of USDJPY. Just be on stand by and invest for other currencies :)

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