The Advisor Weblog

Posted: 27 Apr 2011 04:39 AM PDT

Here is the technical outlook of USD/JPY:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/04/27/02/

Posted: 27 Apr 2011 04:22 AM PDT

Hi everyone and welcome back! dollar continues falling ahead of FED meeting, with Pound soaring on better than expected GBP readings, and JPY also down as per Moody's negative outlook. Besides and despite the early jumps, now the market will likely calm down and consolidate until US opening. Later volume will probably decrease ahead of FED. Anyway, I believe there is little or nothing, besides a shocking not expected rate hike, Mr. Bernanke can do to change dollar bearish trend.

Here is the link for today's calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great trading day!