Currency Update: Be Wary of US Dollar Rally Against Japanese Yen

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Persistent US Dollar weakness has been commonly accepted. So, with last week’s bullish reversal in the USD/JPY (Dollar vs Yen forex pair) followed by today’s continuation pattern and new 1-month high, this post is more than a justifiable pause for the cause. Is this breakout legitimate? As the major trend still remains bearish, I am inclined […]

Currencies Market Morning Brief: December-15-2015

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U.S. Dollar Index March-2016 Futures: Trading @ 97.812 (+0.157), the dollar is finding support @ 97.20 and attempting to reverse its short-term downtrend. The Federal Reserve interest rate policy meeting and its expected rate hike are also lending support. Resistance is @ 98.00 -98.20. (6:12am PT) Spot EUR/USD: Trading @ 1.097, the rally in the Euro may […]