Japan, Europe and Forex Trading Strategy
Other economies are resilient against weakness in the US economyThe Japanese yen and the euro are both expected to do fine against the US dollar in the coming weeks. Forex trading strategy should take into account that both economies, while connected to the US economy, are able to withstand its weakness. Bloomberg reports on Japanese and Europe and weakness in the US economy:
“We are bearish on the dollar,” Masayuki Kichikawa, chief economist in Tokyo at the Japanese unit of Merrill Lynch & Co., the largest U.S. brokerage, said in an interview today. “The correction in the housing market will weigh on the U.S. economy. Economies such as Europe, Japan and developing nations, have resilience against the U.S. weakness.”
See Also
- Currency Trading on the FX Market
Forex trading strategy ideas
Source : GFT Forex
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