US Dollar: Which Will Matter More...US Retail Sales Or Bernanke's Testimony?

 14.07.2008 22:17   actionforex.com

The USD/JPY pair continues to consolidate between Fibonacci support at 105.57 and the 200 SMA at 107.41, however, upcoming event risk threatens both the US dollar and carry trades in general. First, US retail sales will be released at 8:30 EDT and are anticipated to weaken, which could weigh USD/JPY...

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