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Yen is Lagging… why?

I do not understand why the Yen is lagging. Granted I am not a currency trader, nor is do I pretend to be one, but when I see the Euro and Franc breaking out, all with similar charts and the Yen lagging, I wonder.

FXF and FXE all breaking from the 20 and 50 SMA nicely, but FXY is lagging behind the move.

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The question… will the Yen mimick the break?

This entry was posted on Friday, December 28th, 2007 at 1:19 pm and is filed under stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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