The Japanese Yen crosses recovered modestly thanks to the end of day rally in the Dow.
Both the monetary base and vehicle sales figures were weaker than the prior month. Although it may be tempting to hope that we may be headed for more gains from here on, traders need to be careful because the moves today are unconvincing. Today’s 27 point rally in US stocks hardly erases the 246 point loss on Friday. Tell us what you think what will happen to the Yen crosses in our latest Carry Trade: Buy or Sell poll.