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

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Uploaded by on Aug 24, 2010

Forex Technical Update 8/24/2010
Fan Yang, CTA
Technical Analyst
FXTimes

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.

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