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

Yen Strengthens on Improvement in Industrial Production

Discussion in 'Technical Analysis' started by ActionForex.com, May 29, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The USD/JPY's run is fading quickly, backing away from our 2nd tier downtrend line while giving into the heavy downward pressures exerted on price. Present weakness in the USD/JPY comes after a head-turning 5.2% growth in industrial production, giving investors incentive to appreciate the Yen. Investors seem to be ignoring...

    complete article here...

Share This Page