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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 – 6th March 2009

Yen We were right to be cautious yesterday, with the day finishing with a down bar and a bearish engulfing signal, which has followed through in this morning’s trading session, moving below the 9 day moving average. On a personal note I have now been...

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Yen To Dollar – 5th March 2009

Well, we are inching closer to the target at $100, but very slowly, and what is causing me some concern is the body of each candle is starting to decrease which is not a good sign. Tuesday’s candle was a nice wide spread up bar,...

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Yen Trading – Daily Chart 23rd February 2009

Friday’s candle provided yet more evidence that the breakout to the upside is likely to continue this week, with all three moving averages now providing solid support to the move. Having broken above the $93 region we now have a relatively clear run up to...

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