Forex Trading: Yen at record highs

by Joe Oliver, Forex Trading-Pips

Forex Trading: The Japanese yen rose to a record high versus the US dollar during the early Asian trading session  Monday. Last week Japanese Finance Minister Jun Azumi reiterated that he will take “bold” action against the strong yen if needed. Traders continue to press their bets on the Yen with US dollar showing relentless weakness since firing off short on the weekly squeeze three months ago.

Forex Trading Yen weekly Squeeze

Forex Trading Yen weekly Squeeze