Yen Versus Dollar and Euro February 6th

FX Strategy Video > Currency Pairs Analysis

USD/JPY shot straight up after the ultra positive Non-Farm Payroll numbers from Friday. The pair is being supported by the Bank of Japan, and as a result we feel the pair should only be bought - but not here.

The EUR/JPY pair was very strong as the 100 level held as support. The Yen looks weak overall, and as a result we feel this pair could continue to rise. Of course, there hasn't been a negative headline in the EU for a few days - which means it is overdue.

Published on 4th of February 2012
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