USD Surges Vs. Yen — WhatWill Take It Higher?
Dailyfx | Nov 19, 2014 12:48PM ET
- Japanese Yen at critical price levels versus US Dollar, next move key
- Focus shifts to FOMC Minutes and Fed policy as correlations to yields surge
- Clearly one-sided sentiment leaves us focused on USD/JPY gains, JPY declines
The US Dollar continues to surge versus the downtrodden Japanese Yen. What could determine whether the USDJPY breaks even higher?
Source: FXCM Trading Station Desktop, Prepared by David Rodriguez.
Data source: Bloomberg, Prepared by David Rodriguez
Source: FXCM Retail FX Positioning Data, Prepared by David Rodriguez.
h3 Forex Correlations Summary/h3
Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com. David specializes in automated trading strategies.
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