Discussion in 'Forex Trading' started by newbby, Mar 21, 2006.
Guy's . what you thaink about usd/jpy
The markets going to take it up a bit. IMo.
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.
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.
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