Dollar Versus Yen and Loonie April 6th

FX Strategy Video > Currency Pairs Analysis

USD/JPY fell for much of the Thursday session, but managed to bounce to form a hammer. The 82 level looks supportive, and with the Non-Farm Payroll number coming later today, we could see this pair jump. The pair is highly sensitive to the announcement, and as a result will be an interesting one to play. A break of the highs on Thursday is a classic buy signal. We aren't selling this pair at the moment.

The USD/CAD pair is range bound, you should take advantage of it. The parity level continues to be a great place to sell, and as a result we are waiting for the pair to reach that level in order to sell again.

Published on 5th of April 2012
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