Filed Under:
Forex pairs in this Article » USD/JPY
FXstreet.com (Córdoba) - Solid US confidence, housing and durable goods data left the US Dollar on strong fundamental footing, according to Christopher Vecchio, Currency Analyst at DailyFX.

"The data fit neatly with the belief that the Fed could taper its QE3 program by mid-2014, and as a result, risk appetite has been hit", the analyst said. "As such, Yen strength may not be entirely finished, especially against other currencies aside from the US Dollar – risk-aversion in global equity markets has historically yielded to a stronger Yen relative to the Australian Dollar and the Euro since mid-2011".
comments powered by Disqus