Forecasts & Analysis

The US dollar had recently been very bullish against the Japanese yen, but the last couple of weeks has been a little rocky.

The British pound has fallen hard during the trading week, dropping to the 1.10 level, and area not seen since 1985.

The British pound has collapsed during trading on Friday, but the entire week has been brutal. At this point, the British pound is trading at ¥157.50, and is trying to find a bottom.

The Euro has continued to drop all week, as we now are threatening to break it significantly below the $0.97 level.

GBP/USD declined below the 1.1000 level. EUR/USD tested new lows at 0.9725.

The Australian dollar has plunged through support during the trading week, clearing the crucial 0.67 level.

The US dollar has gone back and forth over the last couple of days as the Bank of Japan has recently rattled the market with intervention.

The British pound has gotten crushed during the trading session on Friday as we continue to see a lot of negativity around the world.

The British pound has fallen again during the trading session against the Japanese yen on Friday as we continue to see risk get eviscerated.

The Euro got waxed on Friday as we continue to drop significantly. We are now starting to threaten the 0.97 level.