JPY Trading Outlook (05-02-2013)
The Japanese Yen (JPY) USD/JPY hit fresh trend highs above Y93 but was sold aggressively from this point as profit takers took control and EUR/JPY fell from Y126.50 to Y124.80. The selling has continued in Asia but we have consolidated above Y124.50 going into Europe waiting fresh information on the political scandals and watching the reaction of the EZ Debt Yields. Uptrends on the Yen crosses are under threat across the board.
Back to JPY Trading Outlook Archive
