SaxoTV

Hardy: How I'm trading the 'powerful trend' in USDJPY

760 views
November 11, 2014 abs, aud, audusd, business, carry trade, content, currency, dollar, dollar strength, dollar support, dollar yen, ecb, eu, euro, euro dollar, eurodollar, eurozone, eurusd, euryen, finance, foreign exchange, forex, fx, japan, japan economy, japanese yen, jpy, long, nfp, non farm payrolls, nonfarm, powerful trend, qe, saxo, saxo bank, saxotv, strength, tradingfloor.com, tv, us jobs, usd, usdaud, usdjpy, video, why yen low, yen, yen crosses, yen weak
As USDJPY reaches seven year highs, Saxo Bank's Head of FX Strategy, John Hardy, says this is a 'powerful trend' and there's plenty of scope for the yen to lose even more ground in the coming weeks. USDJPY hit 116 on Tuesday and chart projections suggest 119 is easily in reach.
John explains what's going on in the FX markets and why we're seeing dollar strength largely across the board. Emerging market currencies and AUD are also printing lower this Tuesday.