Dollar Versus Loonie and Yen July 16th

FX Strategy Video > Currency Pairs Analysis

USD/CAD had a strange session on Friday as it originally rose, only to fall again. The 1.0150 level looks supportive, and it should continue to fight the sellers. However, even if this pair manages to breakdown it will run into problems with the parity level.

The USD/JPY pair looks like it is just "sitting" at the 79 level. The Bank of Japan has clandestinely intervened in this pair in the past, and let's be honest: 79 suddenly looks like a solid wall at this point. A break below this pair will more than likely offer 78 as a great buying opportunity.

Published on 13th of July 2012
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