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Is USDJPY Finally Breaking Lower? One Critical Factor We're Watching

Is USDJPY Finally Breaking Lower? One Critical Factor We're Watching

2014-04-08 14:50:00
David Rodriguez, Head of Product
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- US Dollar failing at key resistance versus Japanese Yen, focus remains on critical support

- Strong link between USDJPY exchange rate and Japanese Nikkei 225 leaves focus on stocks

- Our Senior Strategist notes downside risks to the S&P 500 and stocks warn of further Nikkei weakness

The US Dollar has failed versus the Japanese Yen and our focus has shifted lower. This is the critical factor that may determine whether it continues falling.

View more on the S&P 500 and broader stocks, sign up for e-mail updates via this author’s distribution list.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.

Contact and follow David via Twitter: https://twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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