December 26 2013

In the trading room today: Can the USD Rally vs JPY Continue into 2014? With the USD registering a new five-year high against its Japanese counterpart, we take a close look at the USD and the JPY and examine the factors that could continue to fuel the greenback’s rally well into 2014, we analyze the bullish momentum in the USD/JPY currency pair, we keep an eye on the range-bound price fluctuations of the EUR/USD pair, we note the renewed strengthening of the GBP vs USD, we highlight the market’s reaction to the Bank of Japan Meeting Minutes, the U.S. Jobless Claims and Consumer Sentiment, we discuss new forecasts from Bank of Tokyo-Mitsubishi and Mizuho Bank, and prepare for the trading session ahead.