Dollar is Flying, while Yen is looking delicate

Tuesday, 29 March 2011 04:33

Bullard's discussion in Prague boosts the US Dollar. Useful information for forex traders.  EUR/USD was trading at 1.4127 from the time of the previous post and is now trading at 1.4059, resulting in the depreciation of the Euro.  As well as the GBP/USD trading at 1.5970.

As for the Yen, it's looking poor since the G7 intervention a little over a week back.  It's been declining constantly lower than the other major currencies.  Other than currency related news, things are not looking so well for Japan as radiation is still spilling further.

USD/JPY is currenctly trading at 82.189

EUR/JPY is trading at 115.61