Dollar Versus Yen and Pound September 7th

FX Strategy Video > Currency Pairs Analysis

USD/JPY rose during the session on Thursday as the "risk off" mode came back into play. With the Non-Farm Payroll numbers coming out, there is a high probability of volatility in this particular pair. The less likely it is that the Fed will ease rates - the higher this pair goes.

The GBP/USD pair rose during the Thursday session as well. This pair looks very healthy, and we have to wonder whether or not it would have stopped during the move if it weren't for the Non-Farm Payroll numbers coming out in America.

Published on 6th of September 2012
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