Dollar / Yen Breaks Trendline; Bearish Below 109.17
The dollar continues to gain but the USDJPY break below a supporting trendline suggests a bigger bear move for the pair.
Related PostsEuro Weakens As Inflation Concerns Abate, Will NFP’s End Dollar Rally?The Euro retested the 1.4220 price level twice in overnight trading after reaching the level yesterd…Canadian Business Activity Drops To 8-Month LowA drop in input prices wouldn’t offset the weak domestic and foreign demand that has striken C…Japanese Yen Gains Over 2.5% Against High-Yielders on Fears of a ‘Financial Tsunami’We know that risk sentiment remains the primary driver of the Japanese yen because political turmoil…Japanese Yen Gains Over 2.5% Against High-Yielders on Fears of âFinancial TsunamiâJapanese Yen Strong Against High Yielders As Carry Trades Sell-Off
Original post by strategist@dailyfx.com (Jamie Saettele, Senior Currency Strategist)
