Yen Versus Dollar and Pound July 2nd

FX Strategy Video > Currency Pairs Analysis

USD/JPY had a fairly strong day on Friday, but still has the 80 level to deal with. On a break of 80.60, this pair will check out for a large move. It is at that point that we are willing to aim for at least a few hundred pips.

The GBP/JPY pair is sitting just above the 125 level, and looks poised to break out. This move could be a strong one, and will be especially so if the Bank of England surprises everyone and DOESN'T ease this week.

Published on 1st of July 2012
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