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USD/JPY Pulls Back Towards our 1st Tier Uptrend Line

Discussion in 'Technical Analysis' started by ActionForex.com, Nov 24, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The USD/JPY has undergone a sizable pullback after consolidating the past few sessions. America’s weaker than expected GDP data is leading investors to prefer the Yen over the Dollar as a safe haven, thereby sending the USD/JPY tumbling towards October lows. Meanwhile Finance Minister Fujii reiterated his concern surrounding the...

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