Forex Technical Update 9/24/2010 – Yen Strength versus Intervention Fear
January 28th, 2012 by admin
Forex Technical Update 9/24/2010 Fan Yang CMT www.fxtimes.com I am going to go over some Japanese –Yen crosses. The USD/JPY is hovering above 84.00. The Euro is strong and rallying against the Yen. The Sterling lost to the yen, but is in a bullish attempt by the end of the week. The AUD/JPY topped off, but has not confirmed the topping action. The CAD/JPY declined most of the week, but is supported above the previous consolidation zone. As expected since the intervention, the CHF/JPY is indeed the only one with a bullish attempt. By week’s end however, the Japanese yen pared some of the week’s losses.
