1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

USD/JPY Glides Lower Amid Weakness in U.S. Equities

Discussion in 'Technical Analysis' started by ActionForex.com, Nov 20, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Joined:
    Dec 24, 2007
    Messages:
    2,465
    Likes Received:
    0
    The USD/JPY hovered below our 1st tier uptrend line earlier today as we witness a broad-based selloff in riskier investment vehicles. Investors have indicated a preference for the Yen over the Dollar when heading for safety, meaning the USD/JPY could experience a positive correlation with U.S. equities should present weaknesses...

    complete article here...
     
Loading...

Share This Page