USD/JPY Fluctuates Around 90

Friday’s rally lost steam as the USD/JPY was deflected from our 2nd tier uptrend line. The USD/JPY neglected to retest the highly psychological 90 level again despite another broad-based wave of Dollar strength in reaction to positive U.S. consumption data.

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USD/JPY Fluctuates Around 90

Tags: broad, Dollar, highly, jpy, usd

This entry was posted on Monday, December 14th, 2009 at 1:47 am and is filed under Action Forex News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.