» US Dollar Gains Against Japanese Yen

Forex trading strategy: USD/JPYForex trading strategy involving USD/JPY should consider that the yen is falling against the US dollar. Stocks are rebounding slightly this morning, thanks to news that Ben Bernanke wants to continue adding liquidity. There is also speculation that Henry Paulson will support further regulation of markets.

With the US stock market rising, risk appetite begins to return. This means that the carry trade will see a few more takes, forcing the Japanese yen lower in FX trading. The US dollar may see limited gains, though, depending on how the markets interpret the testimonies of Bernanke and Paulson before Congress.

See Also

• Forex Trading USD/JPY
  FX trading with world currencies

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This entry was posted on Thursday, July 10th, 2008 at 16:25 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.