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USDJPY oiled down

by Ashraf Laidi
Mar 25, 2015 20:09

Will the plunge in JPY the last 2 1/2 years help restore Japan's trade balance into surplus? Aside from USDJPY nearing its 55-day moving average for the first time in four weeks, we observe that net long contracts in JPY vs USD have broken above their 3-year down channel. Full charts & analysis.

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USDJPY oiled down - Usdjpy Cftc And Trade Balance Mar 25 2015 (Chart 1)

 
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