USDJPY falls on safe haven flows

Written September 9, 2011 at 11:27 AM EST by  

The USDJPY has fallen sharply over the last half hour of trading. Safe haven flows on EU bank concerns has sent traders into the JPY. THe price fell below trendline support at the 77.54 level. This is now resistance above. On the downside, a break below the 77.42 level sends the pair lower.

 

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn

No Responses to “USDJPY falls on safe haven flows”

Add a comment