The US dollar initially fell against the ******* anese yen in European trading but looks like as we swing into the United States time frame, the dollar is making a little bit of a comeback.
The interest rate differential continues to favor the US dollar over the longer term, and I do like buying dips here whenever I get the opportunity.
The 159 level underneath is a support level, so is the 158.75 level, so I'll be watching both of those if we do pull back in order to find value.
But I have a longer-term position in this pair already. It looks like we're just continuing to see carry traders come in and take advantage of the swap at the end of each session, so I remain bullish.
The US dollar is a little bit softer against the Swiss franc, but it is currently sitting near a support level in the form of 0.8125.
#level #little #longer #japanese
The interest rate differential continues to favor the US dollar over the longer term, and I do like buying dips here whenever I get the opportunity.
The 159 level underneath is a support level, so is the 158.75 level, so I'll be watching both of those if we do pull back in order to find value.
But I have a longer-term position in this pair already. It looks like we're just continuing to see carry traders come in and take advantage of the swap at the end of each session, so I remain bullish.
The US dollar is a little bit softer against the Swiss franc, but it is currently sitting near a support level in the form of 0.8125.
#level #little #longer #japanese
18 days ago
