Forex Technical Update 8/24/2010 - USD/JPY Falls to 15-YR Low; EUR/JPY to 9-YR Low

By Fan Yang
24 August 2010 @ 01:43 pm EDT

Main theme so far risk aversion. So the USD gained, but then dismal existing home sales is challenging its strength. We can see that in the EUR/USD, GBP/USD, USD/CHF. The Japanese yen was the big winner. The USD/JPY hammered at a new 15-yr low and EUR/JYP a 9-yr low. Let's take a look at some charts.

Copyright FX Times All rights reserved.

E-Newsletters

We value your privacy. Your email address will not be shared.