Japanese Yen (JPY), Daily Review, August 24th 2010
24 August 2010 @ 06:30 am EDT
The Yen rose against all majors as signs the global economy is slowing boosted demand for the currency as a refuge. As long the USD/JPY is trading below the 86.00 level, a short position is preferred and the momentum is clearly bearish. The next support on the daily chart is located at 84.60. Overall, USD/JPY traded with a low of 85.09 and with a high of 85.64. No economic data is expected today.
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