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US Dollar Gains Against Japanese Yen

July 10th, 2008 | Category: Forex

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 that , thanks to news that Ben Bernanke wants to continue adding liquidity. There is additionally speculation that Henry Paulson will support further regulation of markets.

With the US stock market rising, risk appetite begins to return.

that 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.

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Original post by Eric J. Fox

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