Japan is in a recession, and the Japanese yen lost 15% from the highs against the U.S. dollar. The decline should continue this year as well. The potential target could be 104 in the futures prices. However, the longer-term picture supports a new rise of the Japanese yen. The Chinese economy has probably bottomed.
Saturday, 26 January 2013
Sunday, 20 January 2013
Friday, 11 January 2013
The euro is rebounding from the trendline of the past six months and is now challenging the key resistance line at 1.3350. A move above 1.3410 can take the price to 1.36.
Sunday, 6 January 2013
|Bureau of Labor Statistics|
The US Dollar Index should decline to 77.00/75.00 while the S&P 500 Index can target 1500/1550 this year.