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Forex Trading: Markets get volatile on Bernanke comments

Posted by Greg Michalowski on Mon, 06/09/2008 - 7:26pm in

Bernanke

The USDJPY has broken above the 106.42 level and squeezed higher. The EURUSD is back below the 1.5600 level. EURUSD approaches good support at the 1.5578 and 1.5563 level where the 100 and 200 hour moving averages are situated.

The comments were not particularly dollar bullish but the market is interpreting them that way for now.