Dollar Retreats from 9-Month vs. Yen

Source: ForexYard Dollar Retreats from 9-Month vs. Yen The US dollar capped off its recent bullish trend against the Japanese yen yesterday after reaching a 9-month high at 81.65. Analysts noted that as long as US interest rates remain at their current levels, the USD/JPY may not be able to break the psychologically significant 82.00 level. Today, traders will want to pay attention to a batch of US data, including the Core Durable Goods Orders and CB Consumer Confidence. Positive results may help the dollar recoup some of yesterday's losses. Economic News USD – US Indicators Forecasted to Generate Volatility Today The USD saw a mixed trading session yesterday, as an increase in risk aversion led to gains . . . → Read More: Dollar Retreats from 9-Month vs. Yen