Dollar Versus Loonie and Yen August 15th

FX Strategy Video > Currency Pairs Analysis

USD/CAD had a fairly quiet session on Tuesday, sitting just above the 0.99 level. The pair looks as if it is finding support here, and this would make sense as the oil markets are behaving in much the same manner. The pair will be highly dependent on the Light Sweet Crude markets, but we feel that a move down to 0.97 will happen before too long.

The USD/JPY pair advanced during the Tuesday session to finally break above the 78.75 level, an area that interested us in buying this market. This pair looks set to grind higher - possibly to the 80 handle before running into serious resistance.

Published on 15th of August 2012
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