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USD/JPY Returns to Nearly Three-Year Highs on More Threats

USD/JPY Returns to Nearly Three-Year Highs on More Threats

John Kicklighter, Chief Strategist

Each time the USDJPY and yen crosses start to take more than a breather, policy officials step in to drive the Japanese currency even lower. That was the case Monday when the Prime Minister, Economy Mininster, Finance Minister and possible future Bank of Japan Governor all offered remarks seemingly tailored to deliver the yen another hit. We discuss the progress of this choppy trend as well as the EURUSD's potential, GBPUSD's return to a four-year trendline and gold's post-breakout opportunity in today's video.

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

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