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USD/JPY about to end consolidation and take stocks lower with it?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The US Dollar is lower once again today, with the GBP/USD rallying on the back of news UK’s employment rate hit the best level since records began in 1971 while the rate of unemployment fell to the lowest since 2008. The EUR/USD has also risen while the USD/JPY has weakened, apparently on the unwinding of the carry trades as stocks have ended their recent good run of form. The dollar could move sharply this week for not only do we have lots of US macroeconomic data to look forward to but some

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