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Category: Forex News, News

USD/CAD, USD/CHF and USD/JPY Forecasts – US Dollar Choppy Early on Monday

The US dollar is slightly positive against the Japanese yen. We continue to see the 162-yen level being an area of difficulty, but once we break above there, we will be free to continue to grind higher. The Bank of Japan did intervene at the end of April, and they have said a few things here and there, but quite frankly, when the market has made up its mind, most of the time, the best a central bank can hope for is slowing down the move, and I think that’s what you kind of have here.

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