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Thread: Discuss the USD/JPY with a DailyFX Analyst

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#1648 (permalink)

08-11-2008, 12:14 PM

Terri Belkas Terri Belkas is offline

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Join Date: Jan 2007

Posts: 806

Quote:

Originally Posted by xxljmzlxx

Since USD/JPY has broken the 110 barrier, anyone betting on a EUR/JPY reversal @ 164.50? Any chances for a bounce back to 169 range?

Thank for any input

I have a lot more faith in USD/JPY upside than for EUR/JPY. In fact, the USD has been the only major to gain against the JPY over the past 5 days (see the attached Bloomberg chart). USD may be the strongest currency right now, but it looks like JPY is right up there in second place.

Attached Images

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