Traders bid the USD/JPY currency pair higher on the open following yesterday’s observance of the President’s Day holiday. With the carry trade still alive in the pair, investors continued to the keep the dollar bid.
Lending to British pound strength in the relatively quiet session, the online real estate agent Rightmove reported housing prices that surged 2.7 percent higher.
Trading was extremely quiet today as the US markets remained closed for Presidents' Day. Although we ended last week with a dose of positive US data, the greenback was either unchanged or weakened slightly against every major currency pair except for the Japanese yen.
Price Headley writes that as a trader, you must start by taking an honest self-assessment of strengths and weaknesses, prioritize the highest impact areas and then focus on changing one behavior at a time.
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