DailyFX - Forex Market News

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FOREX: Euro Gains as EU Outlines Debt Crisis Fix, Yen Whipsaws in Asia Posted: The Euro rose amid progress toward a debt crisis fix. The Yen erased early gains as the Bank of Japan injected ¥12 trillion into markets and doubled its asset-buying fund.

Dead Wrong With Timing And Paid the Price; Apologies to All Posted: On Friday, we came out and made a strong case for the US Dollar and outlined why we thought the rally would continue. This was not how things played out, and to add insult to injury, we were stopped out of our USD/JPY long trade from 82.15. But as painful as it was and still is, this is the nature of the markets and we will dust off and look forward to the next opportunity.

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