Weakness Stays With Greenback; Yen Might Start Sliding as well |
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This week, The US dollar continued to lose ground to the euro, and pound, as well as to the JPY, which competes with the USD for risk-aversion-based flow. The commodity currencies such as AUD and CAD also gained on the greenback. Even gold, which has been declining is gaining again. It appears the dollar has slid across the board. The Japanese yen may also start getting pressured, but only early signals are given to this outlook. Let’s review the technical developments for this week. USD/JPY
Filed under: Technical
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