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Forex Trading: USD/JPY resilient on the back of stronger GBP/JPY...

Posted by Michael FX on Wed, 04/16/2008 - 4:46am in

USD/JPY staying firm as GBP/JPY is stabilized by a relatively benign Sterling # at 4.30 am EST. It seem at this point that USD/JPY needs to be bid above 101.75 before it can muster up enough strength to see any respectable bids in the market. The market may be waiting for US CPI data out @ 8.30 am EST.

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