November 26 2013

In the trading room today: Is the Bearish JPY Trend Going to Accelerate? As the JPY continues to trade under pressure despite of the dissent of one Bank of Japan board member, we examine the small correction of the yen’s recent losses and explore the potential for the bearish JPY trend against the USD to accelerate in the near future, we analyze the bullish breakout in the USD/JPY currency pair, we continue to monitor the resilience of the EUR vs USD, we take a look at the GBP/USD pair ahead of tomorrow’s U.K. GDP report, we highlight the market’s reaction to the Bank of Japan Meeting Minutes, the U.S. Housing Starts and Home Price Index, we discuss new forecasts from Deutsche Bank and BNP Paribas, and prepare for the trading session ahead.