Forex blog – JPY forex fan
Making pips in the Yen crosses.
Welcome to my forex blog. I am a great believer in luck and I find that the harder and smarter I work the luckier I get. :-)
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The US dollar was higher against most of its main counterparts except the Japanese yen as investors’ willingness to move into riskier currencies and assets took a hit from weak Japanese economic data (industrial production going down, unemployment on the rise) and remarks by St. Louis Federal Reserve Bank President James Bullard, who warned that the US economy was in danger of copying Japan’s deflationary “lost decade.”
Will we see the USD/JPY hitting 84.83 and diving below it soon? Take a look at the weekly chart:
