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Japanese Yen Forecast to Rally Further Against US Dollar, Euro, British Pound
Monday, 12 January 2009 15:47:55 GMT  |  David Rodriguez, Quantitative Analyst
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Our forex trading signals aggressively bought the Japanese Yen against all major forex counterparts through last week’s trade, and many strategies remain heavily net-long the JPY. In fact, our “Breakout2” forex trading strategy remains aggressively long the Yen against the US Dollar, Euro, British Pound, Australian Dollar, and Swiss Franc. Our “Range1” and “Range2” strategies have tried to catch bottoms in the USD/JPY, EUR/JPY, AUD/JPY, and CHF/JPY, but strong trending market conditions give us relatively little hope that the Japanese Yen will turn so quickly.

Japanese_Yen_2009-01-12

Keep track of this US Dollar signals and others on our Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates, as our automated forex signals can and do change on a daily and intraday basis.

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Written by David Rodríguez, Quantitative Analyst for DailyFX.com

To contact the author of this report, e-mail  drodriguez@dailyfx.com

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