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Yen To Dollar – USD vs JPY Daily Chart 10th June 2009

USD vs JPY - Daily FX Chart For Yen To Dollar 10th June 2009

Yesterday’s wide spread down bar continued the sideways consolidation for the dollar yen pair which we have come to know and love over the last few months and my trading suggestion, for this pair, remains the same, which is to stay out until we see a break either above 102 or below 94.  Under normal trading conditions such a broad range would provide any number of swing trading opportunities but with this pair appearing to behave in an erratic and random manner even this approach is fraught with danger.

All the fundamental news on the economic calendar for the US is covered on the euro dollar site whilst for Japan, whose economy has taken a major battering during the current economic mayhem,  this evening’s final GDP figures and GDP Price Index figures will make interesting reading.  The forecast is for -4% and 1.1% respectively.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.