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Yen Could Extend Gains

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The Yen consolidated after finding support early last week. The continued sell off in US and Chinese equities ensured the Yen remained strong, ending the week with a brief push into a new 5 month low. It will not take much to spook the market into another wave of Yen buying, so watch for potentially more strength. The recent movements in the Yen have all been about risk and the market's aversion to it. Last week opened up with some relative strength in US equities which led to an exit on the

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