Discussion in 'Forex' started by nycfxproptrader, Apr 26, 2004.

  1. USD/JPY looking like a nice short into strength. JPY inflation data higher last night (inflation a good thing in Japan) EUR/USD made new lows, it didn't get near its high of 109.90, Clearly overbought on the daily;
    Fib 50% Retracement looks around 106.55. Look for tonight's Consumer Sentiment number to show more signs of the consumer coming back in Japan. This is the only missing link to their economy. Capital outflows are almost done, Remember what they did before year end, sold it off before.