usd/jpy

Discussion in 'Forex' started by newbby, Mar 21, 2006.

  1. newbby

    newbby

    Guy's . what you thaink about usd/jpy
     
  2. The markets going to take it up a bit. IMo.
     
  3. I think this is temporary. JPY will begin its rally against the dollar in a few days. I think the Feds are about done raising the rates (a couple more times this year) especially now that the market is looking a little weak. I doubt they'll want to overdo it.
     
  4. I don't doubt it.

    Technically speaking, the last support we hit was a strong monthly trendline. But theres stong quaterly resistence at 120.00

    The yens boxed in.