Technical Analysis – USDJPY 4-hourly: Dollar consolidates post-BOJ rally
Posted on January 8, 2015 at 9:27 am GMTThe US dollar has been consolidating its more than 10-yen rapid November- early December gain lately. It has not made a new high since December 8 of the previous year – around a month or so. Although the US dollar has in the meantime made fresh highs versus the other majors such as the euro, the pound and the Australian dollar, the December 8 high of 121.84 against the yen has held. In mid-December, as a result of a violent [..]