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Key Risks to USDJPY Warn Against Chasing Gains

Key Risks to USDJPY Warn Against Chasing Gains

2014-04-16 14:15:00
David Rodriguez, Head of Product
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- US Dollar holds key technical support versus Japanese Yen, but focus remains to the downside

- Key risks to highly-correlated Japanese Nikkei 225 and US Treasury Yields serve as warning

- Our technical forecast favors USDJPY weakness below ¥103 despite bounce

Follow any updates on the Dollar, Yen, and other currencies via this author’s e-mail 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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