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US Dollar Trying to Find Stability Against the Yen
The US dollar has initially tried to rally against the Japanese yen during the trading session on Thursday but then turned around to show signs of weakness. At this point, it looks like we are testing the 200-day EMA and ultimately, I think this is something that you need to watch very closely. The 152-yen level is an area that's been supported and as long as we can stay above there, I think that we still have a chance that the US dollar will turn things around and rally. I'll be watching very closely after the CPI numbers on Friday as to where we go next because if we get hotter than anticipated inflation on top of ... (full story)
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