USD/JPY - US Dollar vs Japanese Yen Daily Chart 25th June 2009

The dollar yen pair continues to frustrate and generally annoy on the daily chart (which is always a bad sign for any trader) as the sideways consolidation and whipsaw show little sign of coming to an end.  Yesterday’s FOMC statement provided little in the way of a catalyst and with both currencies still battling it out and viewed as safe havens the outcome is still uncertain as to which is likely to win.   The current mood is very mildly bearish as all three moving averages are turning lower once again but, of course, a few up days could reverse this position once again.  Definitely not a currency pair to trade.

The only fundamental news on the economic calendar for the US Dollar of note are the unemployment claims due to be released shortly and during the overnight Far East Session the Tokyo Core CPI Data and National Core CPI figures will be released, the former of which is forecast at -1% and the latter at -1.1%.

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.