Japanese Yen Likely to Correct Sharply Higher, but When? The Japanese Yen fell to fresh post-financial crisis lows versus the surging US Dollar, but a clear slowdown the USDJPY rally warns that it’s near an end. When might we buy? The difficulty in trading the USDJPY is clear: recent data shows that the trade is extremely crowded, and a sharp correction is possible if not likely. Yet ...
USD/JPY Monthly Technical Analysis for August 2014 The improving U.S. economy and the threat of an early interest rate hike by the U.S. Federal Reserve helped boost the USD/JPY in July. This developing trend is expected to continue if the U.S. economy continues to be supported by strong jobs and inflation data in August. The main trend is up on the daily chart. Last month’s price action suggests the Forex pair is set up to ...
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