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Forex: What Does it Take to Jumpstart a EUR/USD, USD/JPY Trend?

Forex: What Does it Take to Jumpstart a EUR/USD, USD/JPY Trend?

John Kicklighter, Chief Strategist

The Cyprus 'rescue' effort has revived the market's fear of systemic risk in the Eurozone's financial system. These fears are blatant enough in EURUSD volatility; but if they were truly rooted, why has the pair not committed itself to a lasting run towards 1.2500 or lower? Though the thought of applying Cyprus' very unpopular levy on bank deposits to other Euro-area countries sends a cold shudder through the region, it has not set off a scramble to exit the broader market. We discuss this, the influence of the BoJ's April rate decision on USDJPY trend development and other topics 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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