Nothing to spark off the latest USD sell off

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Another day and another hit on the USD, as the post Yellen correction continues and shows little sign of relenting. That said, gains have been a little more staggered, with JPY gains stalling. Spot JPY has seemingly found some support in the mid 107.00’s, and while we cannot rule out another test lower, cross/JPY rates are now pushing higher in line with their respective spot rates to suggest a near term low is not too far off. Equity markets have found some support after Friday’s turnaround on

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