Happy Chinese New Year! The Year of the Ox officially begins on Monday, January 26th. What do we have to look forward to in the forex market for the beginning of this Chinese New Year? Here are some major forex price levels to watch for the upcoming week of Jan 26-30, 2009:
EUR/USD - 1.2700 / 1.3300
USD/JPY - 87.10 / 91.00
GBP/USD - 1.3502 / 1.4200
USD/CHF - 1.1480 / 1.1800
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What can you say about the Japanese Yen on rising over the past 24 hours? Will they remain or will they shrink?????
Hi Droys,
Thanks for your question. I will post some analysis on USD/JPY in a moment. Thank you!
Sincerely,
James Chen