Dollar Versus Yen and Loonie April 27th

FX Strategy Video > Currency Pairs Analysis

USD/JPY fell for much of the session on Thursday, only to bounce in the end to form a hammer shaped candle. The Bank of Japan is expected to expand its bond purchase program today, and this could lead to an even weaker Yen.

The USD/CAD pair fell for the day, but bounced to form a hammer-ish shaped candle above the 0.98 level. The pair is still weak, but we see that a bounce may come back into play.

Published on 27th of April 2012
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