Forex: Yen Crosses Break Short-Term Congestion, USD Climb at Risk
As liquidity starts to fill out after the extended holiday weekend, traders will have to return to return to the sharp correction in equities and yen crosses last week. Will this sentiment-based volatility swell carry through to this week and finally set off the long-feared risk aversion reversal? Or perhaps the fundamental momentum behind this counter-trend and counter-stimulus threat has run out of support. In today's video, we discuss the larger trends at stake and the trades that await the market's decision - as well as the short-term potential in USDJPY and other yen crosses that don't require a full-blown trend.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.