JPY Trading Outlook (15-02-2012)

The Japanese Yen (JPY) broke to fresh year highs and the highest since the interventions back in November to above Y78.30 resistance. The USD/JPY rally is receiving attention from many analysts with some calling the low in place and the improving US data the catalyst for a potential trend change. Many have been burnt buying the USD/JPY in the past decade but the bottom we have seen in the previous 6 months does help make the case that the downtrend is over.

Back to JPY Trading Outlook Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.