Dollar Versus Yen and Franc January 6th

FX Strategy Video > Currency Pairs Analysis

USD/JPY had a nice pop during the Thursday session as the Dollar was bought against most other currencies. The pair had reached the body of support yesterday, and as a result buyers stepped in. The Bank of Japan is certainly still watching, so selling is going to be difficult at these lower levels.

USD/CHF soared during the Thursday session as the EUR/USD fell. The two pairs will typically move inversely, and the Thursday session was no different. If we can get just a bit higher - this pair becomes a longer-term trade...

Published on 5th of January 2012
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