Dollar Versus Yen and Loonie September 7th

FX Strategy Video > Currency Pairs Analysis

USD/JPY popped during the Tuesday session, and is currently threatening the recent highs. If we can rise above the Tuesday highs, we feel that the action in conjunction with the Bank of Japan's desire to push this pair up could present a decent short-term trade to the upside.

USD/CAD had a bullish day at first, but the 0.99 - parity level appears to be too strong for the bulls. The resulting candle on Tuesday formed something between a doji and shooting star. Either way, this pair looks vulnerable.

Published on 6th of September 2011
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