Is USDJPY Finally Breaking Lower? One Critical Factor We're Watching
- 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.
--- 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.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.