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USD/JPY Rally Tops Out as Dollar Weakens

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

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The USD/JPY’s recent rally seems to be topping out as investors lock-in profits on the Dollar. Today’s weakness in the USD/JPY comes despite a reiteration from the BoJ that the central bank is intent on fighting deflation, implying an accommodative monetary policy for the foreseeable future. Such a hawkish monetary...

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