Trading Video: Dollar and Yen Pairs Still Volatile, Euro Top Risk Today
• The dollar's tumble is turning out to be its worst performance in 6 months
• Yen crosses' own collapse has leveled off just before taking the plunge into a true trend reversal
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Recent volatility has intensifed speculative interest for major trend developments like yen crosses reversing 18-month bull trends, the S&P 500 returning to record highs and EURUSD making a run on 1.4000. However, the fundamentals needed to collapse the combined BoJ stimulus and risk appetite drive, turn the US dollar to a lasting bear trend or spur the already-expensive US equity indexes to renewed bull trends are far more costly than simple technical cues would implay. In today's Trading Video, we discuss the dollar and yen's heavy runs, review risk trends and lay out the event risk facing the Euro and Australian dollar.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.