Dollar Versus Yen and Loonie June 15th

FX Strategy Video > Currency Pairs Analysis

USD/JPY remained fairly silent during the session on Thursday as the Bank of Japan continues to be a presence in this market. The 80 level looks like the epicenter of the pair at the moment, and as a result we think a move above 80.60 can lead to a long-term buy. Selling isn't a thought.

USD/CAD fell hard during the session on Thursday to retest 1.02 as support. The market has a top in it at the moment at 1.04, and it will be interesting to see if the market can break out. A break down below the 1.02 level looks like a move to parity waiting to happen.

Published on 14th of June 2012
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