Published on FXDD (http://forex.fxdd.com)
Forex Trading - USD/JPY Moving Averages Converge
By Alex Chernomordin
Created Jul 18 2008 - 5:12am

As the USD/JPY pair has regained a bid into the current range, the 50 and 100 day moving averages have converged, as the Yen has sold off and some modest dollar strength is noticeable after a long week for the USD. The pair could trade in this range until there is some more indications/speculation about the state of the US economy.

 


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