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New Phase of Dollar Storm: USD/JPY highest since 2008,

Towards the US session, the dollar made a fresh surge across the board. After USD/JPY stormed above 100, it now broke above the April 2009 peak of 101.44 and is now trading at around 1.0170. It is now trading at the highest level since October 2008.

AUD/USD got another push and is now struggling to hold on to parity  and already fell to 1.0004.  The line could break soon.

GBP/USD shows some strength (which is justified according to recent data), and manages to cling to the 1.54 line it lost earlier. Also EUR/USD is still giving a fight around 1.30.

As aforementioned: Fasten your  seat belts, more turbulence ahead.

USD/JPY on the monthly chart:  [do action=”tradingviews” pair=”USDJPY” interval=”M”/]

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.