by S. Wade Hansen The VIX (CBOE Volatility Index) is steadily starting to climb off of its lows as volatility levels in the U.S. stock market continue to climb and the major indices continue to lose value. The VIX had been declining for the past two months---during which time the Japanese yen (JPY) had been losing value---but that downtrend appears to be over. [IMG]http://www.pfxglobal.com/images/stories/vix.png[/IMG] The JPY should start to regain some strength in the coming weeks, which should send the USD/JPY, the GBP/JPY and the EUR/JPY lower. To see how the major currency pairs performed today and what to expect ... (full story)