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It seemed that the Asian session was controlled by a tough period of selling of JPY in opposition to both the USD and EUR with hedge and model funds along with the activities which was as well triggered by stops.
The US dollar and Japanese yen were the lowest of the majors as investor confidence increased, leading up FX carry trades and sending the DJIA and S&P 500 up approximately 3 %.
US Dollar, Japanese Yen
Jul 13 2009, 21:14 - 0 Comments
The US dollar and Japanese yen progressed once again on Friday since risk appetite stayed troubled.
US Dollar attempt to break blockage
Jul 13 2009, 21:14 - 0 Comments
Harsh price movement for the world’s reserve currency stayed extremely unstable this past week.
US dollar rising raipdly
Jul 09 2009, 23:05 - 0 Comments
The US dollar has valued progressively in opposition to most of its major counterparts this past week and the distinguished exception was the USDJPY pair.
Japanese Yen vs. US Dollar
Jul 09 2009, 23:05 - 0 Comments
The Japanese yen broke more than 2 % higher in opposition to the majors, with as pairs including USDJPY, EURJPY, and GBPJPY broke under major support levels, indicating medium-term turns in the JPY crosses.
Monthly Forex Tip
The trend is your friend - Forex Trading with the trend is easier and you can expect nice returns in few hours. To maximize ROI (return on investment), trade with trend. Trading against the trend won’t necessarily mean losses but it will definitely require closer attention, sharp skills and nerves of steel.
