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USD/JPY remains under pressure

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Wednesday, there were few eco data to guide currency trading. Risk sentiment improved temporary and provided some support for the dollar ahead of Fed Yellen’s testimony before the House. Yellen kept a balanced approach. She acknowledged risks to the outlook. At the same time, the Fed still expects a path of gradual rate hikes. Initially, the dollar gained ground against the euro. However, the gains evaporated soon as US equities failed to extend gains. USD/JPY dropped below 114 to close the

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