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USD JPY Makes Three Months High
By Benny Nardino | May 29, 2008
The USD, dollar has been on the ascendency in the last few weeks. With negative news of the first quarter beginning to filter through this is giving the dollar a reprieve amid recent woes.
The USD, dollar made a new three-month high of 105.88 on the USD JPY in the US trading session today. The pair has been on the ascendency in the last few weeks from the recent low of 95.73.
This recent uptrend in the dollar-yen, USD JPY has also been aided by the negative economic reports from the Euro-zone. A new survey showed that there are economic worries in many families across the euro-zone. The last few weeks has also revealed a tremendous fear in the German streets an indication of the first quarter economic health checks beginning to filter through.
Today’s Trading Range - at the moment we see this par thus:
Resistances
105,40 - 106,00
Supports
104,55 - 104,00
Have a great day.
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