December 9 2013

In the trading room today: Can a Fed Taper Extend the USD Rally vs JPY? At the start of a relatively quiet on the economic front trading week, we focus on the USD and the JPY, and explore the odds of a Fed taper announcement and its potential to give further impetus to the rally of the greenback against its Japanese counterpart, we analyze the latest trend developments in the USD/JPY currency pair, we continue to monitor the unstoppable rally of the EUR vs USD, we take a look at the GBP/USD pair, we note the double bottom in the USD/JPY pair, we highlight the market’s reaction to the Japanese GDP and the German Industrial Production, we discuss new forecasts from JPMorgan and Bank of Tokyo-Mitsubishi, and prepare for the trading session ahead.