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Yen To Dollar Weekly Chart – 23rd March 2009

Trading any yen cross at this time of year can be quite tricky as we approach Japan’s end of year on 31st March. Whilst last week’s candle confirmed the short term bearish sentiment it was less than convincing for two reasons:  firstly the lower shadow...

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Dollar Yen – 18th February 2009

The rally in the dollar yen continued yesterday, and hopefully you followed my suggestion with small long positions, which is the same advice for today. Looking at the daily chart, the candle from yesterday was an up bar with tall three moving averages providing solid...

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Yen Dollar – Weekly Chart 2nd February 2009

Last week’s candle was an up bar, but unfortunately one that tells us little about the future direction for the yen dollar pair, other than we can probably expect more sideways movement this week as it hovers between 88.00 and 91.00. As I mentioned in...

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