Dollar Versus Euro and Yen April 25th

FX Strategy Video > Currency Pairs Analysis

EUR/USD had a bullish day on Tuesday, but gave back quite a bit of the gains for the session. The pair continues to chop around, and the Federal Reserve's press conference later today could finally see some fluid movement in this market.

The USD/JPY pair fell early, but bounced in order to form a hammer. The downtrend channel is being threatened, and looks very vulnerable. With the Fed and the BoJ both having meetings this week, we expect a move soon.

Published on 24th of April 2012
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