Forex: USD/JPY takes another fall to below Y91.00
Thu, Nov 5 2009, 02:15 GMT
http://www.fxstreet.com
FXstreet.com (Sydney) – The USD fell against the Yen trading at 90.57. The USD did not hold on to an intraday high of 91.30. Trend is sideways down where the currency finds support at 89.15 while resistance is at 91.60.
While it is possible that there may be a return to risk, the market remains cautious ahead of major central banks meetings later this week. The FED already has announced that there will be no movement on interest rates while BoJ and BoE consider monetary policy decisions in the next 24 hours. The recession appears all but over in the US as the economy grew at 3.5% last quarter but this may not be sustained amid rising unemployment and tight lending.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Related News
Forex: EUR/USD bounces at 1.4920, back to 1.4950
FXstreet.com | Tue, Nov 24 2009, 17:30 GMT
CURRENCIES: Dollar Gets Boost From U.S. Economic Data
Dow Jones | Tue, Nov 24 2009, 16:30 GMT
Forex: GBP/USD: Cable rebounds at 1.6530 and rises to 1.6590
FXstreet.com | Tue, Nov 24 2009, 16:25 GMT
Forex: USD/JPY: Greenback finds resistance at 88.60
FXstreet.com | Tue, Nov 24 2009, 15:44 GMT
Forex: EUR/USD falls from intra-day high to levels below 1.4950
FXstreet.com | Tue, Nov 24 2009, 15:30 GMT
highlighted, currencies, usdjpy
View AllRelated Content
Fundamental Currencies Comments - The yen and dollar strengthened by ecPulse.com
Tue, Nov 24 2009, 16:03 GMT
Forex Technical Report - Stock Markets Flat to Higher Ahead of U.S. GDP Report by ForexHound.com
Tue, Nov 24 2009, 14:51 GMT
Daily Market Report - Indications that the Euro's rally could be running out of some steam by Wells Fargo Investments, LLC
Tue, Nov 24 2009, 14:47 GMT
Interest Rate Monitor - Bonds fail to make headway on latest banking crisis by Interactive Brokers LLC
Tue, Nov 24 2009, 14:36 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Tue, Nov 24 2009, 14:35 GMT
highlighted, currencies, usdjpy
View All
日本語
Español
中文
Русский 













