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USD/JPY Strengthens after Strong U.S. Building Permits

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 20, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The USD/JPY has strengthened towards our 1st tier downtrend line after U.S. Building Permits data showed an encouraging improvement. Investors proceeded to snap up the Dollar across the board and sent gold tumbling. Improvements in the U.S. economy have led investors to prefer the Dollar over the Yen considering recent...

    complete article here...

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