-
Greenback Bounces Against Japanese Yen
During my daily analysis of the USD/JPY pair, the first thing I notice is that we did recover about half of the losses from the previous session, which of course is a very bullish turn of events. Furthermore, it’s probably worth noting that a lot of people were worried about the idea of the Governor of the Bank of Japan suggesting that the interest rate policy in Japan was about to get tighter. He chose not to say anything about this, and therefore it makes a lot of sense that we have seen things turn right back around.Do not forget the carry trade. This of course has a major influence on what happens next, and ... (full story)