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

Yen Crosses: Big Move is a Bear Market Rally

Discussion in 'Technical Analysis' started by ActionForex.com, Apr 19, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The Yen has fallen hard and fast. USDJPY nearly reached 105 and EURJPY 165 today. Still, when viewed in the proper context, the argument is strong that the recent Yen decline (Yen crosses’ advance) is simply a big countertrend move. The nearly 1,000 pip rally in the USDJPY from the...

    complete article here...

Share This Page