USD/JPY Rallies As Obama Speaks
Posted on February 24, 2009 at 22:20 PM EST
USD/JPY is continuing its rally during President Obama’s speech to Congress, with the Nikkei (^N225) bid and US Futures trading relatively unchanged. It seems the Yen trade is floundering at best, with EUR/JPY leading the way and helping the Euro hold a modest bid against the USD. We will look for the pair to ...