Forex

Euro / Yen - 16/05/2012 10:55 GMT

Wednesday, May 16, 2012

US Dollar / Yen - 16/05/2012 11:04 GMT

Wednesday, May 16, 2012

USD/JPY Recovery Extends To 80.45

On Tuesday Dollar/Yen increased with almost 55 pips. The currency couple appreciated from 79.80 to 80.34 yesterday, matching the positive money flow sentiment at nearly +6%, closing the day at 80.16. This morning the Dollar lifted further against the Yen, climbing to 80.45. On the 1 hour chart narrow range trading has formed, while on the 3 hour chart the downward channel is on hold.

Wednesday, May 16, 2012