Monday, January 26th, 2015

Forex Technical Update 8/6/2010 – Japanese Yen Shows Resilience

Forex Technical Update 8/6/2010 Fan Yang, CTA FXTimes While the USD continues to be weak, the Japanese yen is actually showing resilience and still a chance to gain further, although the Japanese government will be unwelcoming to this trend. The EUR/JPY and GBP/JPY struggles to break away from their recent consolidation zone. Even the CHF is sliding against the Yen. The Commodity currencies AUD and CAD also show weakness to the Japanese currency. The USD/JPY continues to slide, which comes as no surprise.

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